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Smart Fraud-Fighting Tips
for Older Investors
Con artists. They’re masters of persuasion, using words instead of weapons to separate you from your money. They may ask you some background questions about your health, family, political views, hobbies or prior employers. Once they know which buttons to push, they’ll bombard you with a flurry of persuasion tactics, which can leave even the savviest person in a haze. Remember, the difference between a legitimate deal and fake one is that the real deal will be there tomorrow. No matter how persuasive the sales pitch might be, employe the following basic defense strategy:
Ask the salesperson if he or she is registered with a securities regulator. If not, ask, "Why not?" Verify the answers by contacting a licensed securities lawyer who can validate the exemption. Most importantly, verify the salesperson's license status and disciplinary history by contacting the Securities Division's Investigator on Duty at 602-542-0662 or send your inquiry by email.
Read more smart tips for older investors. To order this free publication, visit the Investor Resource Library for Seniors. Get other general information on on wise investing and fraud prevention.
Variable Annuities: What Investors Need to Know
Smart Fraud-Fighting Tips for Older Investors