The Signs of Investment Scams

Posted on 03/31/20

The process of investing your money is easier than ever these days. The Internet and airwaves, and the occasional free lunch seminars, are full of innovative new can’t-miss investment opportunities that just need one thing: your money, and fast. When confronted with such an offer, take a deep breath, and avoid making a decision in a heightened emotional state. (Scammers love us to do that.) Take the time to check out the credentials and history of the adviser pitching the investment at brokercheck.finra.org, and check out the investment at investor.gov. If an investment isn’t registered, that’s a red flag it could be a scam.

Be a fraud fighter! If you can spot a scam, you can stop a scam.

Report scams to local law enforcement. For help from AARP, call 1-877-908-3360 or visit the AARP Fraud Watch Network at www.aarp.org/fraudwatchnetwork.

This story is provided by AARP Maine. Visit the AARP Maine page for more news, events, and programs affecting retirement, health care, and more.

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You can find CDC’s latest coronavirus information at cdc.gov/coronavirus; AARP information and resources are at aarp.org/coronavirus. En español, visite aarp.org/elcoronavirus.

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