Investment fraud can happen
Radio Transcript, 60 seconds, for use during week
of March 24.
This is an Invest Wisely minute brought to you by Iowa State University Extension.
Investment fraud can happen to anyone. There are several practices
to watch out for.
Free meal seminars are a common tactic. Although your invitation
may state this is an educational presentation where nothing is
being sold, you may find out otherwise. Sometimes a book
may be pushed, other times it may be a financial product that
might not be suitable for you.
Skepticism is a good defense against being taken advantage of. Never
make a decision on the spot. Proceed slowly and cautiously before
making any investment decisions.
If it sounds too good to be true, it probably is.
Invest Wisely comes from Iowa State University Extension through
a grant from the Investor Protection Trust providing investor
education on the web at investorprotection.org.