How can I avoid being scammed by an investment adviser?

To avoid being scammed by an investment adviser in Virginia, there are a few important steps that you can take. First, you should always research an adviser before investing any money with them. Be sure to read reviews from other investors, look up their credentials, as well as any disciplinary actions taken against the adviser. Second, verify that an adviser is registered with the Virginia State Corporation Commission. You can do this by searching the Commission’s website for the adviser’s name and checking the Investment Adviser Certification of Registration form. Third, be sure to ask questions of your adviser and do not be afraid to ask them to explain any risks associated with an investment. If a potential adviser is unwilling to answer your questions or discuss risks, then it may be wise to consider another investment option. Fourth, always read and understand any documents related to an investment before signing them. Ask your adviser to explain anything that is unclear and make sure that the documents are making the commitments that you are expecting. Finally, never invest money without first verifying that any necessary funds have been deposited in an insured bank account. This will ensure that your investment is protected in the event that something goes wrong. By following these steps, you can help to protect yourself from becoming the victim of investment fraud.

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How can I avoid being scammed by an investment adviser?

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