The Retirement Industry Trust Association and the North American Securities Administrators Association joined forces to conduct a webinar Wednesday on the risks of self-directed IRAs.
Tom Anderson, RITA president, founder and vice chairman of PENSCO Trust and Matt Kitzi, NASAA enforcement section chairman and Missouri securities commissioner, held forth on some of the opportunities presented by self-directed IRAs and how sometimes those opportunities can become pitfalls when exploited by fraudsters.
Former Texas Securities Commissioner Denise Voigt Crawford moderated the discussion, which covered the difference between conventional and self-directed IRAs, warning signs of possible fraud and what investors should do if they suspect fraud.
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