Presentation on theme: "Beware of Scams Scams attract unknowing investors with promises of huge profits in a short period of time."— Presentation transcript:
Beware of Scams Scams attract unknowing investors with promises of huge profits in a short period of time.
Beware Of Funds that consistently beat the market by more than what you might expect.
Beware Of High-pressure telemarketers Be wary of aggressive cold callers who tell you to “act now, before it’s too late!” High-pressure pitches are often used to get you to buy an investment before you’ve had a chance to research it.
Beware Of Investing over the Internet Use caution Be sure you’re dealing with a genuine business engaged in a legitimate business venture.
Beware Of Investing with an unfamiliar or unverifiable company Always know the person you’re dealing with. Don’t let appearances fool you.
Beware Of Investing with an unfamiliar or unverifiable company Always check the Securities and Exchange Commission’s EDGAR database (www.sec.gov) to be sure the company is operating legally.www.sec.gov Always a broker’s background by contacting the Financial Industry Regulatory Authority (www.finra.org) before you sign up.
Be Certain You know who you’re verifying your personal data with. Don’t respond until you know the promoter is legitimate.
Be Certain To take everything with a grain of salt. Bad information and false news reports are plentiful. Verify facts shared by family, friends, or unknown sources.
Be Certain To stay in charge of your money. Always seek advice from trusted financial advisors to develop an investment strategy. Always monitor your investments regularly.
Be Certain To stay in charge of your money. Always be vigilant. It’s one of the most important ways to protect yourself against fraud. Always obtain written financial information.