Before You Give Someone Your Money, Ask and Check
Ask and Check
If someone contacts you about an investment—even if it is a friend or salesperson recommended by someone you trust and respect—it's important to ask the right questions and check them out by following these steps.
Before you work with a broker or other financial salesperson:
Ask: Are you licensed to sell me this? If so, with whom?
Check: Even if they say they are licensed, check out their license and background.
- Visit FINRA BrokerCheck or call FINRA at (202) 728-6964.
- NFL players should also call NFL Security (800) 635-1099.
Before you buy an investment product:
Ask: Is this investment registered with the Securities and Exchange Commission (SEC)?
Check: If you are told it is, verify that the investment is indeed registered with the SEC.
- Contact the SEC's Office of Investor Education and Advocacy at (800) SEC-0330.
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Managing Your Money
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