David Byrne, founder of BrightLights and a certified fraud examiner, joins “Squawk Box” to discuss the red flags he encourages people to look out for when investing which include lack of oversight, conflict of interests, and excessive fees.
Lack of oversight: Investors should identify and mitigate the risk of fraud. If they make it known that they keep tabs on their accounts, others, such as advisors,are deterred from stealing because they don’t want to get caught.
Conflicts of interests: In order to minimize conflict of interests, hire registered investment advisors who have advanced certification. They will provide advice solely in your interests.
Excessive fees: Understand your fees and identify hidden ones, which can be easily missed for an average investor. Have conversations with advisors to understand the fees you’re paying, because excessive fees, over time, drastically reduce your amount on return.
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Are you looking for some help in CFE i.e. Certified Fraud Examiner exam? If yes then you are at the right place. Keep on reading this article and you will get all the relevant information regarding the CFE exam. A Certified Fraud Examiner (CFE) is a master in the anti-fraud society, seen as a professional in the prevention, exposure and deterrence of fraud.
Also, CFEs express the highest standards supported by the Association of Certified Fraud Examiner (ACFE). First of all, the ACFE is the globe’s most comprehensive anti-fraud system and premier provider of anti-fraud training programs and education. Collectively with more than 85,000 affiliates, the ACFE is overcoming business fraud extensively and encouraging public confidence in the honesty and objectivity within the business.
Read :- https://www.testpreptraining.com/blog/how-to-prepare-for-certified-fraud-examiner-cfe-exam/
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