Investment fraud can happen to anyone

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.