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, it is important to take action to protect yourself. First, contact your investment advisor or broker-dealer to discuss your concerns. You can also contact the Virginia State Corporation Commission (SCC) to inquire about any complaints or investigations that may be underway. Additionally, you should contact the SCC’s Division of Securities and Retail Franchising (DSRF) to file a complaint. The DSRF has a toll-free phone number for reporting suspected investment fraud. Once you have reported your concerns, the DSRF will investigate the issue. They may ask you to provide additional documents and information to help with their investigation. You should also contact the Virginia Bureau of Financial Institutions to determine if the business is licensed by the state. It is also important to keep all records of any investments and other transactions related to the fraud. This includes the name and contact information of any parties you have made transactions with. These records can help the DSRF and other state regulators in their investigations of the fraud. Finally, you should contact a lawyer to discuss any legal remedies you may have against those responsible for the fraud. A qualified attorney can help you seek compensation for your losses if appropriate.

Related FAQs

What are the red flags for investment scams?
What is the role of the SEC in combating investment fraud?
What is the difference between an index fund and an actively managed fund?
What is a private placement memorandum?
What are the risks associated with margin trading?
What is the difference between a hedge fund and a private equity fund?
What is the purpose of the Investment Advisers Act of 1940?
What is the difference between a private and a public offering?
What type of people are most likely to be the victims of investment fraud?
What is a hedge fund?

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

Related FAQs

Related Blog Posts