Got this from AARP Fraud Watch Network today.
Are You at Risk for Investment Fraud?
Investment fraud schemes cost Americans tens of billions of dollars a year. AARP has identified eight risk factors that predict who is most likely to be defrauded.
|What You Should Know:
|While no one factor causes someone to be scammed, our research found that these eight factors raise one’s risk of being defrauded:
- Male gender
- High annual trading frequency (five or more a year)
- Frequent solicitations by phone, email, and regular mail
- Frequent remote investing in response to TV, email, or phone calls
- A mindset that wealth is an important measure of success in life
- A mindset that unregulated investments are more profitable
- A world view that is described as conservative
- Older age
|What you should do to avoid investment fraud:
- Only invest with registered advisors and investments
- Put yourself on the Do Not Call registry (www.donotcall.gov)
- Get a telephone call blocking system to screen out potential scammers
- Limit the amount of personal information you give to sales people until you verify their credentials
- Don’t make an investment decision based on a TV ad, a phone call or an email
- Don’t make any investment decisions under stress
- Take AARP’s Investment Fraud Vulnerability Quiz to find out if you are at risk
|Please share this alert with friends and family!
Fraud Watch Network
P.S. Spotted a scam? Tell us about it. Our scam-tracking map gives you information about the latest scams targeting people in your state. You’ll also find first-hand accounts from scam-spotters who are sharing their experiences so you know how to protect yourself and your family.