How can I protect myself from investment fraud?

Investment fraud is a type of financial crime that can be devastating and difficult to recover from. To protect yourself from investment fraud, start by researching the financial professionals you’re working with. Check that they are registered with the proper financial agency and that they have a good reputation. Never give out your financial information, including bank account numbers and credit card numbers, online or over the phone. Be wary of anyone who asks you to do this, even if they seem legitimate. When it comes to investments, be sure to get all details in writing. Ask questions and get clear answers. Take the time to understand the risks associated with different investments and don’t invest in something you don’t understand. Be aware of red flags that often indicate fraud. If someone promises you a guaranteed return with no risk, they’re likely trying to scam you. Fraudsters may also pressure you to make decisions quickly or hide important information. If you suspect that you may be a victim of investment fraud, report it to your state’s securities regulator and the Financial Industry Regulatory Authority in West Virginia. You can also file a complaint with the Federal Trade Commission. Taking these steps can help protect your financial future.

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How can I protect myself from investment fraud?

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