DandV

Brokerage businesses are very largely built on reputation. And a good reputation is hard earned but easily lost with missteps. Sales going wrong are very damaging to reputation, so there is a very considerable incentive on reputable brokerages to minimise the risk of them being a party in any fraudulent transaction. So by buying through a reputable broker you are already taking a significant step in reducing the risk of the boat being a security registered against a debt. And if you have asked the right questions reduced the risk of buying a dud.