Unfortunately, many people fall for online investment scams every year and end up losing their hard-earned money to crafty fraudsters. The good news is that, by learning to spot the signs of investment fraud, you can identify and avoid these schemes when you run into them. For the most part, it’s all about getting informed and developing good investing habits.
Investment Fraud May Be Easier to Avoid Than You Think
Many scams can be avoided by simply doing a little sleuthing and attempting to verify what you have been told. Here are three easy habits you can develop without even leaving the keyboard:
Start deleting any unsolicited investment offers. If you receive an unsolicited offer from a company or promoter you’ve never done business with before, it’s a good habit to simply delete it. Many unsolicited investment offers you receive are actually scams.
Check out the investment with your state regulators and the SEC’s EDGAR database. There are many tools available online to help you research an investment offer. Any legitimate investment offer should be properly registered with regulators.
Check out the investment promoter with your state securities regulator and FINRA’s BrokerCheck. Because many investment schemes are run by repeat offenders, it’s important to also always check out the promoter of the investment using online tools.
How to Get Help If You Have Already Lost Money
If you have already lost money in an online investment scam, don’t wait until it’s too late to get help. Our investment fraud attorneys have over 50 years of collective experience helping investment fraud victims recover their losses, and we’d be happy to meet with you in a free and confidential legal consultation to discuss your options. Just give us a call today!