What information do I need about an investment to avoid investment scams?
Gathering and reviewing documentation regarding a particular investment is an excellent way to make wise investment decisions and avoid investment scams. Take a careful look at any documentation you receive, research the investment online, and use FINRA’s BrokerCheck service and the SEC’s EDGAR Database to obtain as much information as possible about the investment and the person promoting it. When reviewing this information, pay particular attention to:
- Risks associated with the investment
- Complaint history and arbitration awards
- Hidden fees, commissions, or expenses
- Performance history and outlook
- The overall investment strategy
If you can’t find this information in the documentation you’ve received, speak with your broker or financial adviser and ask to receive a hard copy for your records. Don’t be afraid to ask questions or seek clarification if you don’t understand what you see. If things don’t seem to add up, be sure to review the investment with a trusted financial professional or your investment fraud lawyer.
Don’t wait until it’s too late. Speak with an experienced investment scam lawyer with Meyer Wilson as soon as you sustain losses or suspect fraud. We offer a completely free consultation, and we never request a retainer of any kind. Give us a call today and let us help you recover your losses.