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8 critical questions you need to answer today

Are you protecting yourself from 'a Madoff'? Most people who lost money with Bernie Madoff, pictured, never had any suspicion that something was wrong. How can you protect yourself? Whenever purchasing investments, make sure that you write your check payable to a qualified custodian or financial institution. Never write a check directly to an individual. Also, make sure that you are receiving regular statements and that your account maintains Security Investor Protection Coverage, or SIPC.
Ruby Washington / The New York Times via Associated Press
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By Marc Freedman, Freedman Financial

Are you protecting yourself from "a Madoff"?

Most people who lost money with Bernie Madoff, pictured, never had any suspicion that something was wrong. How can you protect yourself? Whenever purchasing investments, make sure that you write your check payable to a qualified custodian or financial institution. Never write a check directly to an individual. Also, make sure that you are receiving regular statements and that your account maintains Security Investor Protection Coverage, or SIPC.