This morning we sent out a press release reminding consumers the importance of making informed and researched investment decisions.
Mike Stevenson, DFI's Director of Securities, wants investors to know that scam artists prey on fear and worries.
“We know from past experience that con artists follow the headlines to prey on the worries and fears of everyday investors,” Stevenson warns. “With the current economic situation, state securities regulators are concerned that scammers are gearing up to promote various investment schemes with promises of big returns. If history is any guide, these investments will be worth less than the paper on which they are printed.”
“Investors should be wary of unsolicited financial advice or investment opportunities,” Stevenson says. “In times of confusion, fear and uncertainty, there are always those who will try to prey on the investing public. Investors should resist the temptation to make hasty decisions about their investments or finances.”
View The Full Press Release On DFI's Web Site.