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NASAA: BEWARE OF POST HURRICANE INVESTMENT SCAMS
09/08/2017

North American Securities Administrators Association (NASAA)cautions investors to watch out for opportunistic investment scams. “As we are seeing in Texas, natural disasters bring out the best in people, with neighbors helping neighbors. Unfortunately, we know from experience that disasters also can bring out the worst in people, particularly those seeking to profit from the misfortune of others,” said Mike Rothman, NASAA President and Minnesota Commissioner of Commerce. “Unsolicited investment offers seeking to capitalize on the aftermath of Hurricane Harvey should be approached with extreme caution.” In particular, Rothman urges investors to watch for red flags of hurricane-related scams, including unsolicited email, social media messages, crowdfunding pitches or telephone calls promoting investment pools or bonds to help storm victims, water-removal or purification technologies, electricity-generating devices and distressed real estate remediation programs … HIGHLIGHTED EVENT: Live in the Cleveland area and want to learn about protecting your nest egg? Attend the screening of “When I’m 65” documentary and panel discussion sponsored by IPT, IPI, the Ohio Department of Commerce-Division of Securities and others.

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The mission of The PIABA Foundation is to promote investor education by providing the public with information about abuses in the financial services industry and the securities dispute resolution process.



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