May 24, 2012
Nutraceutical Stock Scams
Don't Supplement Your Portfolio With These Companies
"Want to lose weight, get an energy boost, live longer or fight the common cold? Many of the products that claim to achieve these objectives are called "nutraceuticals"—a term used to describe dietary supplements and food and drink products that contain additives purporting to provide health benefits. The financial reality, however, is that some of the companies associated with these products are likely to make your portfolio very unhealthy. FINRA is issuing this alert to warn investors about potential scams related to everything from fortified foods and energy drinks to "natural" medicines. While some of the companies producing these products are legitimate, others could be bogus operations with the potential to harm unsuspecting investors." I am posting this because of the popularity of dietary supplements in Utah.