As Americans are still reeling from the aftermath of the Gulf of Mexico
oil rig explosion, there has been a lot of concern over
oil spill stock scams. Investors are being approached by scam artists who are promising financial
gains by investing in companies that are supposedly involved in the cleanup
efforts in the spill.
Like any investment that you would consider, it is imperative that you
do your homework and research first. Take a close look at the promises
and returns that is being offered. Determine where the stock trades and
investigate the company’s SEC filings. If there is a promise of
a high and quick return on your investment, it should serve as a warning
sign that the investment could be a scam.
You will also want to carefully examine any press releases, unsolicited
faxes or spam emails that you receive in regards to the particular investment.
Be cautious if the solicitation predicts tremendous growth or if you are
pressured to invest immediately. For a complete list of warning signs,
read our article entitled,
Don’t Fall Prey to Oil Spill Stock Scams.
If you have lost money due to investment fraud, you should contact one
of our experienced
investment fraud attorneys for a free case evaluation. Contact our law firm by calling toll-free
(888) 390-6491 or filling out our
online form. Our broker fraud lawyers are licensed in California and Ohio and we represent
investors nationwide in securities arbitration and litigation claims.
To learn more about oil downturn and investment fraud, watch the following video.