to stop investment fraud
Transcript, 2 minutes 10 seconds, for use during week of April
Description: Susan and Craig Goettsch, director of
investor education for the Iowa Insurance Division discuss
the educational efforts of the Iowa Insurance Division.
Announcer: Invest Wisely comes to you from Iowa State University
Extension through a grant from the Investor Protection trust,
providing investor education on the web at: investorprotection.org.
Susan: Craig, thanks so much for taking the time to talk to
me about investment fraud. Last week, I worked with my
mother to file a complaint about an investment fraud that she’d
fallen for. As we were working on that, she asked me where
she could go to find information or ask questions so it doesn’t
Craig: Seniors Against Investment Fraud--SAIF--is a new investor
education service of the Iowa Insurance division. The program
was funded by money received from settlement agreements between
regulators in many states and large investment firms.
Susan: How can SAIF help my mother and other seniors like her?
Craig: The program can provide people like your mother and other
Iowa seniors with the information they need to recognize investment
fraud and to stop it from occurring. It can help them learn
who to call to report fraud or to confirm the credentials of
Susan: That sounds like a great program.
Craig: It’s dedicated to consumer education about investments
and works at the grassroots level by enlisting and training retired
and senior volunteers.
Susan: How can she contact Seniors Against Investment Fraud
Craig: She can call the phone number 877-955-1212 or visit the
Susan: Thank you so much, Craig, for all your help.
Craig: You’re welcome and remember, the key message of
the SAIF program is: Stop, Call and Confirm. Stop the scam
from happening. Call the Iowa Insurance Division before
taking action. Confirm the accuracy of the information
you’ve been given before proceeding.
Susan: Stop, Call, and Confirm. I’ll remember that! And,
as always I’ll be visiting extension.iastate.edu and looking
for ‘Invest Wisely.’