What are the earliest signs of investment fraud?
Although every situation is unique, there are some signs of investment
fraud that may be apparent even before you start digging in to do your
research. Here are some of the very first signs that something is amiss:
- The promoter is very aggressive or harassing
- You are asked to pay in cash
- The investment is only available in a very limited time window
The promoter “guarantees” very
high returns on the investment.
- The promoter reaches you through unsolicited email, phone calls, or mail
Remember that spotting these signs doesn’t guarantee that an investment
opportunity is a scam, but you should take these signs seriously and ALWAYS
carefully research each investment before you hand over your cash. There
is no shortcut for doing good research, and we encourage you to make use
of the free research tools available through FINRA and the SEC.
Sometimes even a legitimate insurance company will try to pressure their
customers into purchasing unwise and unsafe products, like a variable
universal life policy.
If you have already suffered losses because of investment fraud or broker
misconduct and need help, reach out to a friendly and experienced
investment scam lawyer with Meyer Wilson. You can reach us today by calling, or you can fill
out our confidential online
contact form for more information.