Scam Warnings
Financial Scam Warnings
The Securities Exchange and Investment Protection Commission (SEIPC) regularly issues warnings about financial scams and unauthorized firms targeting consumers. Stay informed about the latest scams to protect yourself and your investments.
Current High Alert
We are currently seeing a significant increase in investment scams involving cryptocurrency and forex trading platforms. These scams often promise high returns with little or no risk.
Be extremely cautious of unsolicited investment opportunities, especially those promoted on social media or through cold calls.
Recent Scam Warnings
Warning Issued: June 15, 2023
XYZ Crypto Investments
XYZ Crypto Investments is not authorized by the SEIPC and has been targeting consumers with promises of guaranteed returns on cryptocurrency investments.
Website: www.xyzcryptoinvestments.com
Email: invest@xyzcryptoinvestments.com
Phone: +123 456 7890
Warning Issued: May 28, 2023
Global Forex Trading Pro
Global Forex Trading Pro is falsely claiming to be authorized by the SEIPC. This firm is offering forex trading services and using a clone of a legitimate firm's website.
Website: www.globalforextradingpro.com
Email: support@globalforextradingpro.com
Phone: +123 456 7891
Warning Issued: May 10, 2023
Secure Pension Investments Ltd
Secure Pension Investments Ltd is targeting pension holders with offers to release funds from their pensions or transfer them to high-return investments. This firm is not authorized by the SEIPC.
Website: www.securepensioninvestments.com
Email: info@securepensioninvestments.com
Phone: +123 456 7892
Common Types of Financial Scams
Investment Scams
Fraudsters promise high returns with little or no risk. They may create fake investment platforms or impersonate legitimate firms.
Clone Firms
Scammers create websites that look like those of legitimate firms, using similar names, logos, and contact details to trick consumers.
Pension Scams
Fraudsters target pension holders with offers to release funds from their pensions or transfer them to high-return investments.
Recovery Scams
After falling victim to a scam, consumers may be targeted again by fraudsters claiming they can recover the lost money for a fee.
Consumer Navigation
Protect Yourself
Check the Register
Always check if a firm is authorized by the SEIPC before dealing with them.
Check a FirmBe Wary of Cold Calls
Legitimate firms rarely cold call with investment opportunities.
Question High Returns
If it sounds too good to be true, it probably is.
Get Independent Advice
Consult a financial advisor before making investment decisions.
Report a Scam
If you suspect you've been approached by a scammer or have fallen victim to a financial scam, report it to us immediately.
Report a ScamScam Alert Hotline
If you need immediate assistance regarding a potential scam, call our dedicated hotline.