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    Question ID:   1705         Current Version: 1
Question: How to protect yourself from investment fraud?
Category: Business & Finance > Investing
Keywords: stock, share, tip, finance, invest, fraud
Type: how
Rating:(0 ratings)    Views: 691    Discussions: 0   In Watch Lists: 1  

 
    Answer:

Deceptive pitches for investments often misrepresent or leave out facts in order to promote fantastic profits with little risk. No investment is risk-free and a high rate of return means greater risk. Before investing, get written information such as a prospectus or annual report. Beware if a salesperson:

  • Encourages you to borrow money or cash in retirement funds to invest

  • Pressures you to invest immediately

  • Promises quick profits

  • Says that the disclosure documents required by federal law are just a formality

  • Tells you to write false information on your account form

  • Sends material with typos or misspellings or not printed on letterhead

  • Does not send your money promptly

  • Offers to share inside information

  • Uses words like "guarantee," "high return," "limited offer," or "as safe as a CD"

  • Uses the phrase "this investment is IRA approved"

  • Claims "off-shore investments are tax-free and confidential"
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