W.G. Hill Books, Underground Knowledge, Offshore Banking and Investing
Page: What Protection is Available for Expatriate Investors

Investor Protection for Expats

What Happens If Something Goes Wrong?

As soon as you transact business with a company which is based overseas you can no longer rely upon the rules and regulations to protect you in your home country. Moving overseas makes this an even more cut and dry situation – if you move to country X and open a bank account there, you are going to have to rely on the consumer protection arrangements in that country to protect you and your money. Unfortunately, many expats are caught unawares by the lack of regulation and protection for the unwary investor or consumer of financial advice.

../images/Expat-investing.jpg
Look carefully before you move overseas at how your investments will be protected in the new country

Assess the Level of Investor Protection in the New Country

Many countries have a mature and well-developed system of consumer and investor protection already in place and in certain instances the level of protection and compensation may exceed that in your home country. The two principal areas to consider are the level of banking controls and regulation and the same again for investments. Specifically, you should look at the levels of mandatory, government backed compensation arrangements in place and also whether these protections cover non-citizens or non-residents.

Once you have established that there is an acceptable level of investor protection available and for which you will be covered, you should ensure that the companies you do business with are in fact regulated by the appropriate authorities. A financial planning regulator may only cover a certain sector of the market and you must ensure that whatever financial product you are buying is in truth covered by appropriate rules and compensatory regime.

Dealing with Financial Companies & Typical Scam Victims

Many jurisdictions require a company or bank to be authorized to transact business, but just because the regulations are in place does not mean that everyone follows the rules. It is important that you check the individual company you are dealing with to make sure they are authorized to offer financial advice, products and services.

Most frauds or mishaps occur because unwary investors are taken in by cold-calling, sales calls – the so-called “boiler room” scams. Boiler rooms operate legally and illegally in all parts of the world including the US, Spain and Switzerland, though Eastern European countries. The general rule to follow is to do business only with those companies who you know and trust and act only on the recommendations of expert advisors who understand the market and the products being offered if they are not companies you know.

The typical fraud victim will surprise you – they are usually experienced investors, aged over 40 and with an existing portfolio. The typical loss is in the region of USD $30,000 (or GPB 20,000) and over half of victims are approached by telephone.

How to Complain

If you find you are the victim of a scam or have lost money due to poor advice or high pressure sales tactics, then you need to know what the next step is. Typically, your next step will be to assess two things – who sold you the product and who actually backs the product itself; this may be the same company, such as when a company representative from Company Y sells you a Company Y investment bond, but frequently an independent intermediary may be involved.

In either case, you must determine which regulatory body regulates the product provider and the advisor and again, this may be two separate bodies or just the one. It is important that you contact them at the earliest opportunity and establish what their procedures are for filing a complaint – some may require a written complaint to be filed while others will process your claim over the telephone. However this is done, you must follow their procedures or risk having your complaint and claim dismissed peremptorily.

  The World of Investing - Investment Tips and Ideas
../images/Investing-money-120.jpg
Basics of Investing Your Money
../images/Music-records-120.jpg
Collectibles Worth Investing In
../images/Trading-cryptocurrencies-120.jpg
Cryptocurrency Business Ideas 
../images/Funds-investing-120.jpg
Guide to Investing in Debt Funds
../images/Should-you-invest-120.jpg
Investing in Penny Stocks
../images/Brexit-uncertainty-for-investors-120.jpg
Investing in UK After Brexit
../images/Watching-investments-120.jpg
Investment Options for Beginners
../images/Investments-watch-120.jpg
Investment Trends to Watch
../images/Expat-investing-120.jpg
Investor Protection for Expats
../images/Return-on-investment-120.jpg
Low Risk High Return Investments
../images/London-city-Big-Ben-120.jpg
Non-Dom Reforms for British Expats
../images/Real-estate-investment-120.jpg
Overseas Family Led Investments
../images/Offshore-oil-platform-120.jpg
Price of Crude Oil and Stock Market
../images/Protecting-your-assets-120.jpg
Protect Investments in Bankruptcy

Home
BBBB
   Bye Bye Big Brother Black Book
   Bye Bye Big Brother CD ROM
   Bye Bye Big Brother Package
   Citizenship Residency Requirements
   Confidential Communication for PTs
   Paper PT An Important Concept
   What Is PT All About
PT
   The American Expatriation Guide
   Become an Honorary Diplomat
   Brazil and Paraguay Confidential
   Campione Confidential
   ESCAPE by Grandpa
   Instant Legal Residence Abroad
   The Invisible Investor
   Latvia Confidential
   The Monaco Report
   Panama Confidential
   Perpetual Traveler
   PT4 Grandpas Special Collection
   Portable Trades and Occupations
   The Second Passport Report
   Think Like a Tycoon
   WG Hill PT Collection
Bye Bye Big Brother
BBBB Free Chapter
Investing
   Basics of Investing Your Money
   Collectibles Worth Investing In
   Cryptocurrency Business Ideas
   Guide to Investing in Debt Funds
   Investing in Penny Stocks
   Investment in UK After Brexit
   Investment Options for Beginners
   Investment Trends to Watch
   Investor Protection for Expats
   Low Risk High Return Investments
   Non-Dom Reforms for British Expats
   Overseas Family Led Investments
   Price of Crude Oil and Stock Market
   Protecting Investments in Bankruptcy
Finances
   All About Commercial Lending
   Bankruptcy As A Solution
   Banks Don't Need Your Money
   Basics of Business Branding
   Blockchain Impact on Business
   Business Cloud Software
   Business Financing Sources
   Divorce and Finances Abroad
   Fund Your Small Business
   Hire Business Plan Consultant
   Learn About Finance Online
   Manage Business While Travelling
   Solve Cash Flow Problems
Forex
   Forex Trading Courses
   Automated Trading System
   Use Basic Tools for Trading
   Best Forex Books for Beginners
   Binary Options Straddle Trades
   Binary Options Strategies
   Blade Runner Trading Strategy
   The Camarilla Equation Formula
   Day Trading vs Swing Trading
   Elders Force Index Strategy
   Top Forex Trading Platforms
   The Gartley Pattern Chart
   Finding Good Forex Broker
   Forex Fundamental News
   Forex Market in Currencies
   Forex Markets Trading
   Forex Trading Account
   Forex Trading Beginner Tips
   Forex Trading Explained
   Forex Trading Worldwide
   International Currency Trading
   Most Profitable Forex Indicator
   Picking Right Forex Software
   Retracement Levels in Flats
   The 38.2 Retracement Level
   Stochastic Oscillator in Forex
   STP ECN Trading Model
   Support and Resistance Forex
   Safe Haven Currencies
   Successful Trader Traits
Offshore
   5 Benefits of Antigua Passport
   Costa Rica Offshore Corporation
   Dubai Offshore Banking
   Offshore Outsourcing Tips
   Stress Factors of Expatriates
Property
   The 10 New Bali Project
   Hottest Real Estate Markets
   Real Estate Investment Online
   Return on Property Investment
   Smart Real Estate Investments
   Technology and Real Estate
   Ways to Invest in Real Estate
Wine
   Business of Investing in Wines
   Fine Wine as Loan Collateral
   Investing in Wine in Australia
   Start Wine Trading Business
Expat
   BBBB Abridged Book
   The Gold Report
   Offshore Banking Guide
   Offshore Road to Riches
   PT2 The Practice
   VIP Divorce Kit
IWL
   The Invisible World
   Invisible Banking
   High Yield Investments
   High Yield Investments 2
   Future Wealth
   Financial Crisis
   The Offshore Investment Guide
Underground
   Underground Knowledge 1
   Underground Knowledge 2
   Underground Knowledge 3
   Underground Knowledge 4
   Scams and Fraud
Money
   Alan Greenspan's Housing Bubble
   America's Oversized Deficits
   April Job Losses the Lowest
   Bank of America Bonus Payments
   Bank Stress Test Results
   Banks Stress Tests Flawed
   Bank Stress Tests Questions
   Banks Financial Trickery
   Canadian Oil Companies
   Card Issuers Meet Obama
   China Detroit's Lifeline
   China Taiwan Investment Accords
   China's Yuan Carry Trade
   Ciena Corp Recommendation
   Credit Default Swaps
   Elliott Wave Disciple
   General Motors Savior
   How to Buy Banks
   India's Slow Growth
   Japan's Lost Decade
   Long-Short Investing Strategies
   Money Morning Bank Stress Test
   Oil Prices Could Jump
   Russia and China Energy Deals
   Russian Economic Model
   Small Caps Proven Profitability
   Solar Energy Comeback
   Sustained Economic Recovery
   World's Reserve Currency
Articles
   Online Transactions Survey Findings
   Millionaire Mindset Charateristics
   Real Estate Investing in Panama
   Strategies for Achieving Success
Seminars
   New Orleans 2015
   Casey Summit 2015
   Antigua Conference
   Recipes for Success
   Cancun Seminar
   Panama Seminar
Newsletter
Quotes
Updates
About
Contact
Links