BROKER-DEALER -

FINRA Issues Investor Alert Regarding IRS Phone Scam -

The Financial Industry Regulatory Authority issued an Investor Alert warning investors about a phone scam involving phone calls allegedly coming from the Internal Revenue Service. Since 2013, more than 700,000 investors have received scam phone calls demanding that they immediately pay a tax obligation or face serious consequences, such as the possibility of arrest. FINRA notes that these scams have been successful because the impersonators have become increasingly sophisticated in building credibility through altered caller ID numbers and official-looking documents.