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Friday, September 14, 2012

Top Investment Traps for 2012

DFI recently updated its annual list of investment schemes that are most likely to harm Washington investors.

Before making any investment, DFI recommends that you check to make sure that both the investment and the salesperson are registered and licensed in Washington by calling DFI at (360) 902-8700 or 1-877-RING DFI (746-4334).


New Threats

1. Crowdfunding and Internet Fraud
2. Inappropriate Advice or Practices from Investment Advisers
3. Scam Artists Using Self-Directed IRAs to Mask Fraud
4. EB-5 Investment-for-Visa Schemes
5. Gold and Precious Metals Schemes

Persistent Threats

6. Risky Oil and Gas Drilling Programs
7. Promissory Note Schemes
8. Real Estate Investment Schemes
9. Fraudulent Regulation D Rule 506 Private Offerings
10. Unlicensed Salesmen Giving Liquidation Recommendations

For more information on these threats and how to protect yourself, visit http://www.dfi.wa.gov/consumers/topscams.htm