The major risk of using a financial institution is the possibility of losing money due to fraud or theft. This can occur through cyber attacks or by the financial institution itself engaging in unethical or illegal activities. Other risks include market volatility, bankruptcy, and lack of consumer protections. Additionally, some financial institutions may have high fees, restrictive policies, or poor customer service that can negatively impact a person's finances. It is important to research and choose a reputable financial institution to minimize these risks.
