How do I know if I am at risk of being a victim of securities fraud?

Knowing if you are at risk of being a victim of securities fraud in Rhode Island starts with understanding the basics of securities fraud. Securities fraud is the illegal act of misrepresenting or omitting information while selling securities (stocks and bonds). This type of fraud is commonly referred to as “investment fraud”. When considering whether or not you might be at risk of being a victim of securities fraud, it is important to look out for any red flags. If someone is aggressively promoting an investment, pressuring you to make a decision, or making claims that sound too good to be true, you should be aware that they might be involved in securities fraud. Additionally, you should be wary of any investment offering unrealistic returns, limited or no risk, or pressuring you to open an account with them. If you believe you may have already been a victim of securities fraud, there are a few options for recourse. The first is to contact the police to file a report. You can also file a complaint with the Rhode Island Securities Division, or if you lost money as a result of the fraud, you can file a claim with the Financial Industry Regulatory Authority (FINRA). By understanding the basics of securities fraud and staying aware of potential red flags, you can minimize your risk of becoming a victim and help protect yourself from investment fraud.

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How do I know if I am at risk of being a victim of securities fraud?

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