SIPC Warns Investors About Phony Websites Involved In Data 'phishing'

Investors are being warned not to fall prey to fictitious websites claiming to help get their money back from failed brokerage firm liquidation. So far Securities Investors Protection Corp. said it has found two false websites, IAC International and Alliant Trust Systems, seeking to take advantage of investors by pretending to be a consumer protection entity. The entities are used to trick investors in and outside the U.S. into giving fraudsters access to brokerage accounts and personal information. Many of them are not based in the U.S. and are not subject to U.S. authorities.