The atmosphere at investment seminars can be charged and exciting, and once you are there, it can be difficult to avoid the high-pressure sales tactics.
Watch BCSC InvestRight’s fourth video in its Spot Investment Scam Series to see how easy it is to be compelled to attend an investment seminar and ultimately fall victim to a fraudulent scheme.
If someone approaches you to attend a seminar about an investment opportunity, look carefully at what the opportunity is offering and don’t be swayed by the allure of the gifts or free meals they offer you just for attending. Remember, there’s no such thing as a free lunch.
If you are considering going to an investment seminar, it is important to do your own research before attending; looking into the opportunity will arm you with information that you can use to ask questions at the seminar. Watch out for seminars promising to teach secret techniques for building wealth, or offering no-risk, high-return investments.
It is important to research the company and promoters that are hosting the seminar. Search the British Columbia Securities Commission’s (BCSC) website and the CSA’s Check Registration tool to see if they have ever been disciplined for investment fraud or are even qualified to sell investment products.
If you have any questions regarding a potential investment or an investment seminar that you are skeptical of, do not hesitate to contact BCSC’s Inquiries Group at 604-899-6854 or 1-800-373-6392, or by email at [email protected]. You can also report suspicious activity through BCSC InvestRight’s Report a Scam form.
Investor Alert: Manitoba Securities Commission and BC Securities Commission uncover ‘re-victimization’ scheme
The Manitoba Securities Commission (MSC) and the British Columbia Securities Commission (BCSC) are warning investors who may have lost money in a York-Rio Resources Inc. investment that they could be targets of a ‘re-victimization’ scheme in which investors are being contacted by an organization out of Japan identifying itself as Penn Capital Management Ltd. The […]