econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 28 August 2016

Investor Alert: Be On The Lookout For Investment Scams Related To The Recent Historic Rain And Flooding

from the Securities and Exchange Commission

The SEC's Office of Investor Education and Advocacy is issuing this updated Investor Alert to help educate investors, including individuals who may receive lump sum payments from insurance companies and others following the recent historic rainfall and flooding in and around Louisiana, about investment fraud.

Hurricanes, floods, oil spills, and other disasters often give rise to investment scams. These scams can take many forms, including promoters touting companies purportedly involved in cleanup efforts, trading programs that falsely guarantee high returns, and classic Ponzi schemes where new investors' money is used to pay money promised to earlier investors. Some scams are circulated through spam email, promising high returns for small, thinly-traded companies that supposedly will reap huge profits from recovery and cleanup efforts. For example, the SEC brought a number of enforcement actions against individuals and companies who made false and misleading statements about alleged business opportunities in light of the damage caused by Hurricane Katrina. Some of those cases involved pump-and-dump scams where fraudsters use fake "news" to pump up the stock price of small companies so they can sell shares they own at artificially high prices. We also heard about fraudsters targeting individuals receiving compensation from insurance companies. Individuals, including those receiving lump sum insurance payouts, should be extremely wary of potential investment scams related to the recent historic rainfall and flooding.

Be Skeptical and Ask Questions

One of the best ways to avoid investment fraud is to ask questions. Be skeptical if you are approached by somebody touting an investment opportunity. Check the registration status and background of anyone recommending or selling an investment using the SEC's Investment Adviser Public Disclosure (IAPD) database, which is available on Investor.gov. Contact yourstate securities regulator for more information. Know that promises of fast and high profits, with little or no risk, are classic signs of fraud. Our short publication called Ask Questions discusses many of the other questions you should ask of anyone who wants you to make an investment. Read Ask Questions before making any investment decisions.

Protect Yourself

Take a close look at your entire financial situation before making any investment decision, especially if you received a lump sum payment. Remember, your payment may have to last you and your family for a long time. Below is a list of some online resources that may help. If you have any questions about investing, call the SEC's Office of Investor Education and Advocacy at 1-800-732-0330, or ask a question using this online form.

Other Resources

  • Investor.gov: SEC's educational website for retail investors.

  • MyMoney.gov: U.S. government's website dedicated to teaching the basics about managing your money.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.




Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Why Long-Run Theories of Profit and Accumulation Fall Short
Brexit - Who Wins and Loses
News Blog
Hilarious Security Camera Compilation
Brexit: Whither The Pound?
Is Chinese Growth Overstated?
Trading Ideas Between Countries
Recession To Recovery: A Decade In Perspective
Infographic Of The Day: Visualizing America's Changing Energy Mix
Early Headlines: Asia Stocks Up, Dollar And Oil Down, Gold Stable, Trump Tax Plan Today, Trump Reviews National Monuments, UK Deficit Lowest In 10 Years, China Banking Crisis, Canadian Lumber Tariff, And More
Jesus Christ vs. Confucius
2016 The Worst Year So Far For Syria's Children
Macron And Le Pen To Face Off For French Presidency - But She Won't Be Pleased With First Round Result
Best Selling Hard Soda Brands In The U.S.
What We Read Today 25 April 2017
April 2017 Chemical Activity Barometer Suggests Continued Growth Through 2017
Investing Blog
How Broken Is The Market?
Investing.com Technical Summary 24 April 2017
Opinion Blog
Trump Just Imposed A New Tax On Lumber
The Euro Is Stronger Than You Think
Precious Metals Blog
A New Age For Gold
Live Markets
26Apr2017 Market Update: Wall Street Trending Upward Along With Oil And The US Dollar
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government































 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved