What should I do if I believe I may be the victim of investment fraud?

If you believe you may be the victim of investment fraud in Virginia, the first thing you should do is report it to the Virginia State Corporation Commission’s (SCC) Division of Securities and Retail Franchising. If the fraud involves an out-of-state company, contact the appropriate securities regulator in the state where the company is located. You should document any losses or evidence you have related to the fraud and contact the police to file a report. It is also important to be aware of any potential scams that could be part of the fraud. Be cautious if someone offers a one-time opportunity with promises of high returns or fast profits or if there is an inability to get in or out of an investment without significant costs or penalties. It is also important to be wary of any unsolicited investments or “cold calls.” Additionally, contact the Federal Trade Commission (FTC) and the Securities Investor Protection Corporation (SIPC), both of which help in cases involving investment fraud. They have various resources and can provide information on filing claims. Finally, contact a qualified attorney who specializes in investment fraud. The attorney can advise you on the best course of action and represent your interests in legal proceedings.

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What should I do if I believe I may be the victim of investment fraud?

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