Know the Red Flags of Fraud
Promises of great wealth and guaranteed returns
Pressure to invest right now
Unsolicited pitches seeking to obtain your personal information
Unregistered individuals and firms
Aggressive sellers who may provide exaggerated or false credentials
Over-the-top, sensational pitches that may have fake testimonials
Offers that sound “too good to be true”
Exclusive investment offers, “hot tips” or insider information
Offshore firms and advisors
Requests that investments be purchased by credit card, gift card, or wiring money abroad or to a personal account
Three Ways to Avoid Fraud
- Ask questions
- Research every investment opportunity thoroughly before you invest
- Check the CSA’s National Registration Search to see if the person or company you are dealing with is registered.