Remember these tips to avoid being a victim of an investment scam:
Do
Research investment opportunities and investment professionals. Your state securities regulator and the Financial Industry Regulatory Authority offer information.
Learn where the investment and the investment professional have registered. It may be in your state or with other regulators.
Get all the details of an investment in writing, but still do your own research.
Ask questions about costs, timing, risks, and other issues.
Don’t
Don’t give in to pressure to invest immediately.
Don’t be influenced by promises that seem too good to be true. These promises may include “guaranteed earnings” or “risk-free” investments.
Don’t invest just because the investment professional seems nice, trustworthy, or has professional titles.
Don’t invest based on claims that other people, "just like you", have invested.
Don’t feel obligated to invest, even if the professional gave you a gift, lunch, or reduced their fees
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
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