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November 2002 Newsletter:
Investment Offers

There are many salespersons, telemarketers, and brokers who are quite legitimate that use bulk mailing or calling lists to attract new investors. The problem for most new investors is recognizing the fraudulent offers.

Typically, any type of pressure tactic most likely indicates the contact is fraudulent. A reputable broker or investment firm will welcome you researching their reputation and whatever they are selling. They can provide you with the history of the investment vehicle and company financial statements that you can verify. When you are satisfied with their reputation, then they are more than happy to discuss your particular investment needs. There is no need to make quick decisions when you will be trusting someone else to watch over your monies. Read the Investor Bill of Rights before investing.

Don't give any personal information to anyone who calls, emails, or refers you to a legitimate looking website whom you do not know or did not give your permission to receive their contact. Personal information includes social security number, financial information, credit card information, address, etc.

Avoid the contacts who promise unrealistic profits or 'strongly suggest' you put your 'profits' back into the investment.

If you have already lost monies, you can contact the Securities and Exchange Commission. You can also find out about your state laws and procedures from your state Securities Regulator. If you would like to know more about researching your broker, you can visit Securities Law.