Ask and Check
If a salesperson is trying to sell you an investment, ask the right questions and check them out by following these steps.
Before you work with a broker or other financial salesperson:
Ask. Who are you licensed with to sell me this? Are you a licensed broker? Is that investment registered?
Check. If they say they are licensed, check out their background.
Before you buy an investment product:
Ask. Is this investment registered with the SEC?
Check. If you are told it is, verify that the investment is indeed registered with the SEC.
Baseball Great Nomar Garciaparra Reinforces Value of “Ask and Check”
Even smart investors can fall prey to fraud and faulty advice. Former professional baseball star Nomar Garciaparra offers hard-hitting tips for holding on to your wealth.