A $100 billion IRA market is becoming a 'growing potential pool' for retirement money fraudsters
August 13, 2018 at 08:49 AM EDT
Baby boomers nearing retirement often become nervous about their nest egg not being enough and thus pursue self-directed IRAs — individual retirement accounts that often go beyond stocks, bonds and mutual funds. But the SEC and other regulators are warning that this $100 billion market is being eyed by fraudsters, especially when it comes to the hype surrounding bitcoin, other cryptocurrencies and initial coin offerings.