Investor Alert: Self-Directed IRAs and the Risk of Fraud
Feb 7, 2023
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors of risks associated with self-directed Individual Retirement Accounts (self-directed IRAs).
Self-directed IRAs allow investment in a broader—and potentially riskier—portfolio of assets than other types of IRAs. While a broader set of investment options may have appeal, investors should be mindful that investments in self-directed IRAs raise risks including fraudulent schemes, high fees, and volatile performance.
CategoryEnforcement
Investor Alert: Identity Theft, Data Breaches and Your Investment Accounts
Nov 17, 2022
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to provide investors with important steps to take regarding their investment accounts if they become victims of identity theft or a data breach.
CategoryEnforcement
Trading and Markets
Trading and Markets
Investor Resilience – World Investor Week 2022: Investor Bulletin
Oct 3, 2022
For World Investor Week 2022, investors, investment professionals, teachers, parents, researchers, and others are encouraged to make a special effort to promote investor resilience and sustainable finance.
CategoryCorporation Finance
Enforcement
Investment Management
Trading and Markets
Enforcement
Investment Management
Trading and Markets
Social Media and Investment Fraud – Investor Alert
Aug 29, 2022
Fraudsters often use social media to scam investors. The SEC’s Office of Investor Education and Advocacy encourages you to be skeptical and never make investment decisions based solely on information from social media platforms or apps.
CategoryEnforcement
Watch Out for Fake COVID-19 Claims When Investing -- Investor Alert
May 31, 2022
Investors should be aware that false statements may be made -- including in company press releases, promotional materials, and social media posts -- about a company offering or developing products that prevent, detect, or treat COVID-19, in order to inflate the value of a company’s stock. Fraudulent stock promotions of these companies also may be made through “research reports” that make predictions of a specific “target price.” Never invest in a company based solely on information in a press release or stock promotion.
CategoryEnforcement
Investor Bulletin – Top 10 Investment Tips for College Students
May 4, 2022
One of the best ways to build wealth is by saving and investing over a long period of time. The earlier you start, the easier it is for your money to grow. Opening your first investment account is a key step in beginning your investment journey. As a college student, you may receive offers to open an investment account. These offers could come from your bank, from someone you or your family know, or even at a campus coffee shop. They also can include incentives, like free stock or cash to invest, as a way to entice you to sign up.
CategoryEnforcement
Trading and Markets
Trading and Markets
Beware of Communications Falsely Appearing to Come from the SEC – Investor Alert
Nov 19, 2021
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn you of communications – including phone calls, voicemails, emails, and letters – that may falsely appear to be from the SEC.
CategoryEnforcement
Key Topics for World Investor Week 2021: Investor Bulletin
Oct 4, 2021
The SEC’s Office of Investor Education and Advocacy, the Commodity Futures Trading Commission (CFTC), the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), and the North American Securities Administrators Association (NASAA) are issuing this Investor Bulletin to highlight some key topics for World Investor Week 2021, a global campaign to raise awareness about the importance of investor education and protection. From October 4-10, 2021, investors, investment professionals, teachers, parents, researchers, and others are enc
CategoryCorporation Finance
Enforcement
Investment Management
Trading and Markets
Enforcement
Investment Management
Trading and Markets
Investment Scams May Seek to Exploit Natural Disasters – Investor Alert
Sep 29, 2020
After a natural disaster strikes, fraudsters may try to take advantage of individuals who want to help fund recovery efforts or who receive lump sum insurance payouts.
Fraudsters may use recent natural disasters, including Hurricane Laura, Hurricane Sally, and the wildfires on the West Coast, to lure victims into investment scams. These scams can take many forms.
CategoryEnforcement
FBI and OIEA Warn Public that Fraudsters are Targeting Owners of Timeshares in Mexico
Sep 17, 2020
The FBI Criminal Investigative Division and the Office of Investor Education and Advocacy of the Securities and Exchange Commission (“SEC”) would like to warn consumers of a recent increase in fraudulent schemes targeting owners of timeshare properties in Mexico. These scams typically involve individuals alleging to be representatives of a brokerage firm, travel agency, title company, or escrow agent making unsolicited contact with owners of timeshare properties.
CategoryEnforcement
COVID-19 Related Early Withdrawals from Retirement Accounts—Be Careful of Fraudsters and other Bad Actors Targeting Your Retirement Savings
Jun 3, 2020
The CARES Act of 2020 provides significant relief for businesses and individuals affected by the COVID-19 pandemic. This includes allowing retirement investors affected by the coronavirus to gain access to up to $100,000 of their retirement savings without being subject to early withdrawal penalties and with an expanded window for paying the income tax they owe on the amounts they withdraw.
Unfortunately, unscrupulous promoters have used these CARES Act benefits to encourage investors to take money from their 401(k)s or traditional IRAs, not for current emergency financial needs, but to buy…
CategoryEnforcement
Frauds Targeting Main Street Investors -- Investor Alert
Apr 10, 2020
The SEC’s Office of Investor Education and Advocacy (OIEA) and the Division of Enforcement’s Retail Strategy Task Force are issuing this Alert to educate Main Street investors about current investment frauds, including scams related to the Coronavirus (COVID-19) pandemic.
CategoryEnforcement
Look Out for Coronavirus-Related Investment Scams - Investor Alert
Feb 4, 2020
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors about investment frauds involving claims that a company’s products or services will be used to help stop the coronavirus outbreak.
CategoryEnforcement
Avoiding Investment Fraud in Your Faith-Based Community – Investor Alert
Nov 1, 2019
The SEC’s Office of Investor Education and Advocacy and the Retail Strategy Task Force are issuing this alert to help investors protect themselves and their communities from fraud targeting members of a shared faith.
CategoryEnforcement
Beware of Spoofed Websites Offering Phony Certificates of Deposit – Investor Alert
Oct 23, 2019
The SEC’s Office of Investor Education and Advocacy (OIEA) is issuing this Investor Alert to warn investors about phony Certificates of Deposit (CDs) promoted through internet advertising and “spoofed” websites – websites that mimic the actual sites of legitimate financial institutions. Investors should be extremely cautious when purchasing CDs from sites found only through internet searches.
CategoryEnforcement
Don’t Fall for an Investment Scam – Investor Alert
Oct 9, 2019
The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force (RSTF) want Main Street investors to be aware of tactics fraudsters use to lure investors into scams. This Alert presents actual videos that defendants in SEC enforcement actions allegedly used as part of their investment frauds.
CategoryEnforcement
Watch Out for Scammers Posing as SEC Employees – Investor Alert
Sep 19, 2019
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors that fraudsters sometimes pose as SEC employees. Do not send money, or personal information, to anyone claiming to be from the SEC without verifying their identity using the steps described in this Alert.
CategoryEnforcement
Don’t be Fooled by Fraudsters Offering “Charitable” Investments -- Investor Alert
Sep 17, 2019
The SEC’s Office of Investor Education and Advocacy (OIEA) warns investors not to fall for investment scams claiming to help charitable causes. Supporting a good cause while investing your money may sound like a win-win situation. But be aware that fraudsters may try to exploit your desire to help others by using charitable causes as a way to draw victims into investment scams.
CategoryEnforcement
Investor Alert: Have Something in Common with Someone Selling an Investment? It May Make You a Target for Fraud.
Jul 15, 2019
The SEC’s Office of Investor Education and Advocacy (OIEA) and the Division of Enforcement’s Retail Strategy Task Force warn investors not to make investment decisions based solely on common ties with someone recommending or selling the investment.
CategoryEnforcement
Investor Alert: Beware of Claims That the SEC Has Approved Offerings
Apr 30, 2019
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors of misrepresentations about SEC “approvals” of offerings.
CategoryEnforcement
Investor Alert: Watch Out for Fraudulent Digital Asset and “Crypto” Trading Websites
Apr 24, 2019
The SEC’s Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s Office of Customer Education and Outreach (CFTC) warn investors to scrutinize investment opportunities through websites purporting to operate advisory and trading businesses related to digital assets. These websites often contain “red flags” of fraud including claims of high guaranteed returns and promises that the investments carry little or even no risk.
CategoryEnforcement
Investor Alert: Scammers May Try to Take Advantage of the California Wildfires
Nov 29, 2018
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors, including individuals who may receive lump sum payouts from insurance companies and others as a result of damage from the California wildfires, about fraudulent investment scams.
CategoryEnforcement
Investor Alert: Be Vigilant for Investment Scams Related to Recent Hurricanes
Oct 29, 2018
The SEC's Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors, including individuals who may receive lump sum payouts from insurance companies and others as a result of damage from recent hurricanes, about fraudulent investment scams.
CategoryEnforcement
Investor Alert: Watch Out For False Claims About SEC And CFTC Endorsements Used To Promote Digital Asset Investments
Oct 11, 2018
The SEC’s Office of Investor Education and Advocacy (OIEA) and the Commodity Futures Trading Commission’s (CFTC) Office of Customer Education and Outreach warn investors to watch out for false claims about agency actions and endorsements related to digital assets. Fraudsters may use false claims to lure investors into purchasing digital assets and to artificially raise their value. “Digital assets” include crypto-currencies, coins, and tokens such as those offered in so called initial coin offerings (ICOs).
CategoryEnforcement
Investor Alert: Don’t Invite Investment Scams to Find You
Sep 27, 2018
The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force (RSTF) warn investors that providing your phone number and email address in response to an online investment promotion may make you a target for fraud.
CategoryEnforcement