Beware of Scams Scams attract unknowing investors with promises of huge profits in a short period of time.

Slides:



Advertisements
Similar presentations
MONEY WORKS FOR WOMEN CHOOSING A FINANCIAL PROFESSIONAL.
Advertisements

What Are Scams? Scams are designed to trick you into giving away your money or your personal details. Scams come to you in many forms – by mail, ,
Fact of Fiction. Fact or Fiction? If a thief steals your credit card, youre liable for anything he or she buys with your card. FICTION If your credit.
A Public Service of the Better Business Bureau Education Foundation Educating Older Adults about Fraudulent Activity in the Marketplace Protecting Older.
Investment Industry Regulators and Investment Protection.
Financial Scams & Schemes Scams & Schemes. Financial Scams & Schemes Scam Fraudulent or deceptive schemes.
Crowdfunding What You Need to Know Before Investing in Crowdfunded Securities Presented by: [INSERT AGENCY]
Consumer Problems Mrs. Wilson Career & Financial Management.
What is the New Brunswick Securities Commission? Crown Corporation Established in 2004 Double role.
Copyright 2005 Pacific Technology Ventures Ltd  1. What’s my “elevator pitch”? Explain who your customers are, what their problem is, how you solve it,
Lecture # 26 Mutual Funds. Mutual Fund Frauds Navigating the Investing Frontier: Where the Frauds Are.
SOURCES OF FINANCIAL ADVICE? Sources of financial advice Money Works: Level 2 Topic 2.
Investment Vocabulary. Appreciation O An increase in the basic value of an investment.
Kimberly Siebott Lynn Yip. Definition  A crime in which the perpetrator develops a scheme using one or more elements of the Internet to deprive a person.
Crowdfunding. What is investment crowdfunding ?  Large numbers of investors make small investments in small business or start-up o Debt/equity/other.
Investment Fraud Investment and Finance 12 Ms. Stewart.
What is the New Brunswick Securities Commission? Crown Corporation Established in 2004 Double role.
Raising Capital Today: The New Private Placement Pull Marketing Strategy To Find Affiliate and Affinity Investors ✹ The Private Capital Market Solution.
BTT12OI.  Do you know someone who has been scammed? What happened?  Been tricked into sending someone else money (not who they thought they were) 
12/28/09 Department of Commerce & Consumer Affairs Business Registration Division Office of the Securities Commissioner Investor Education Program.
Investment Fraud for Law Enforcement Kelly May Kentucky Department of Financial Institutions Bill Harned Kentucky AARP & Kelly May Kentucky Department.
 Private Corporations – shares of stock are NOT openly traded in stock markets  Public Corporations – sells shares openly where anyone can buy them.
FRAUDS & SCAMS MTHS Personal Finance. Have I got a deal for you… When you buy a product, you don’t expect to have problems with it. Unfortunately, every.
SEARCHING FOR A JOB CCM Mission Station F.I.T. Program 2015.
1 FSAIF – Florida Seniors Against Investment Fraud Provided by:
After the Storm Home Repairs and Replacement. What Happens After a Storm Victims of a storm suffer some type of loss and different levels.
Take Control of Your Financial Future. What is the New Brunswick Securities Commission? Crown Corporation Established in 2004 Double role 2.
It’s Your Money! Week 2: Annuities and Mutual Funds.
“Dialing for Dollars” Telemarketing and Investment Fraud Holly Hinson, Outreach Coordinator Diana Durante, Financial Examiner/Analyst Supervisor.
Department of Commerce & Consumer Affairs Business Registration Division Office of the Securities Commissioner Investor Education Program.
By Renata Jaruseviciute 1 ©Renata Jaruseviciute.  Financial Crime definition & types  Regulatory body  Legislation  Questions to be asked yourself.
Getting Your E-Business off the Ground Chapter 5.
THE SAVING HABIT Make your saving automatic INCREASING YOUR NET WORTH Your investment goals Investment risk and return Don’t put all your financial eggs.
1 Education and Awareness: The Best Defense Against Securities Fraud Texas State Securities Board Denise Voigt Crawford Securities Commissioner.
A Primer on Securities Fraud Donald W. Searles Senior Trial Counsel Los Angeles Regional Office American Association of Individual Investors November 20,
Investing Savings and Investing. Why Invest? Hedge against inflation Rise in a general level of prices Investing to increase wealth Invest to save for.
Utah Division of Securities. Leigh Davis-Schmidt Securities Examiner.
© Oklahoma State Department of Education. All rights reserved. 1 Beware! Consumer Fraud Standard 9. 1 Fraud and Identity Theft.
Investor Education Program Department of Commerce & Consumer Affairs Business Registration Division Commissioner of Securities Office.
BTT12OI.  Do you know someone who has been scammed online? What happened?  Been tricked into sending someone else money (not who they thought they were)
Investment Vocabulary. Stock Market  A market in which the public trades stock that someone already owns; the buying and selling of stock.
WAY TO YOUR OWN BUSINESS – BUSINESS IDEA. BUSINESS LIFE CYCLE Idea Business plan Business funding, organising Developing product / service Marketing BAU.
Common Scams Lewis Collantine & Clare Cunningham Thurrock Trading Standards 8 th September 2015.
+ Warm up In 3-5 words, define each of the following: 1. Phishing 2. Skimming 3. Pyramid scheme 4. Ponzi scheme Answer the following question: 1. How can.
Investing 101 – Part 2 Working With Financial Professionals.
4.09 Ethan.
What are Mutual Funds? Quick Fact: As of June 2014, an estimated 100 million individuals in 75 million U.S. households owned mutual funds.
Department of Commerce & Consumer Affairs Commissioner of Securities Office Investor Education Program.
Hertfordshire Trading Standards Scams Susie Helliwell Trading Standards Officer.
Consumer Protection Understand your rights and responsibilities.
Investigate Before You Invest Presented by the Arkansas Securities Department.
Fund Manager What is a Ponzi Scheme? Lured by the promise of profits, initial investors send money to a fund manager who appears to be legitimate.
Department of Commerce & Consumer Affairs Business Registration Division Commissioner of Securities Office Investor Education Program PREDATORY TACTICS.
Overview of the SEC Summer What is the SEC? Securities and Exchange Commission The mission of the U.S. Securities and Exchange Commission is to.
Department of Commerce & Consumer Affairs Business Registration Division Office of the Securities Commissioner Investor Education Program Threats to Investors.
Chapter 17 Financing a Business Methods of Obtaining Capital Selecting a Method of Obtaining Capital Sources of Outside Capital.
Chapter 9 Credit Problems and Laws. Slide 2 How Can Consumers Protect against Errors and Fraud? 9-1 Resolving Credit Problems Disputing a charge is the.
Department of Commerce & Consumer Affairs Business Registration Division Office of the Securities Commissioner Investor Education Program.
Investing Strategy SET GOALS FOR SAVING AND INVESTING 1 ©2014 National Endowment for Financial Education | Lesson 4-4: Investment Strategy.
Building Bucks Savings and Investment Basics. Overview Investing vs. Saving Considering Risk Terms and Definitions Working with Advisors, Brokers and.
Advice, Information, and Transactions. Focus Questions 1.How can people learn more about investing? 2.Where can investors find written information about.
How Con Artists Will Steal Your Savings and Inheritance Through Telemarketing Fraud, Investment Schemes and Consumer Scams.
So you want to do a Private Equity deal?© Hyman Capital 2005 So you want to do a Private Equity deal? 14 April 2005.
Managing Your Investments Chapter 11 Page 259 Personal investing – using your savings to earn a financial return
Global Financial Regulatory Framework Regulating International Capital Market Masters in Accountancy (MACC508)
Outline of this module By the end of this module, you will be able to: Understand what is meant by the term “advanced fee fraud”; Understand what is.
Chapter 7 Raising money to repay debts: Making good choices and
Chapter Section Deception & Fraud   Pages   ~People sometimes buy products that don’t meet their needs.   ~Products that the quality.
High School Financial Planning Program
Phishing 101.
Presentation transcript:

Beware of Scams Scams attract unknowing investors with promises of huge profits in a short period of time.

Beware Of Funds that consistently beat the market by more than what you might expect.

Beware Of High-pressure telemarketers Be wary of aggressive cold callers who tell you to “act now, before it’s too late!” High-pressure pitches are often used to get you to buy an investment before you’ve had a chance to research it.

Beware Of Investing over the Internet Use caution Be sure you’re dealing with a genuine business engaged in a legitimate business venture.

Beware Of Investing with an unfamiliar or unverifiable company Always know the person you’re dealing with. Don’t let appearances fool you.

Beware Of Investing with an unfamiliar or unverifiable company Always check the Securities and Exchange Commission’s EDGAR database ( to be sure the company is operating legally. Always a broker’s background by contacting the Financial Industry Regulatory Authority ( before you sign up.

Be Certain You know who you’re verifying your personal data with. Don’t respond until you know the promoter is legitimate.

Be Certain To take everything with a grain of salt. Bad information and false news reports are plentiful. Verify facts shared by family, friends, or unknown sources.

Be Certain To stay in charge of your money. Always seek advice from trusted financial advisors to develop an investment strategy. Always monitor your investments regularly.

Be Certain To stay in charge of your money. Always be vigilant. It’s one of the most important ways to protect yourself against fraud. Always obtain written financial information.

Visit to find a CPA in your area.

Questions?

Developed in cooperation with the