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The current state of the environment and economy, ranging from rising gas
prices to an outcry for reduced pollution, has surged the interest in
energy and alternative energy stocks. Per FINRA, this interest appears
to have sparked an increase in energy-related stock scams.
FINRA issued a warning to investors regarding this type of investment fraud.
Energy stock scams tend to involve a company that is not known and is
typically small. There are often a lot of misrepresentations and predictions
made in an attempt to attract investors. Scam artists use these schemes
to get people to invest, which bump up the price of the stock. They then
sell their shares, leaving investors with stock that is basically of no value.
There are legitimate energy investments out there, but it can be difficult
trying to separate the good from the bad. Here are a few of the warning
signs of an energy stock scam:
It is important to mention that there are some schemes out there that promote
interests in fraudulent oil and gas limited partnerships. You need to
be cautious when considering investing in such a limited partnership.
If you think that you may have a claim, do not hesitate to contact us.
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