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My name's Phillip Beningoso. I'm an investment professional, and I'm going to be discussing
how to avoid stock scams. Scam artists don't really care how you have come across your
money. So, what can you do to avoid being scammed? First, you want to ask some questions
and check out the answers. This is a critical; a critical part of any investment is to make
sure that it is legitimate. Two, you want to research the company before you invest
in it to make sure that that is a whole company, and that it's a worthwhile investment. You
want to know your salesperson. Now, you don't need to know them like you do your brother-in-law
or or a family member, but it's a good idea to make sure that it is a reputable person,
and that person is abiding by the law; that they haven't done something that is beyond
the law. And you also want to be wary of unsolicited offers, offers that you don't request yourself,
e-mails, faxes, things of this nature. Now, some red flags that are warnings of fraud
are if it sounds too good to be true it usually is, and if they guarantee returns, or if they
say beauty isn't everything; that they're, they have a website and that website has all
sorts of flash and looks like it's a very professional type of a company. And one of
the most important is to pressure, to pressure you to send money right away; that if you
don't take advantage of it today that this is going to escape your grasp. These are signs
that somebody is tryin' to scam ya'. Now, the information provided here is for informational
purposes only, and should not be considered an individualized recommendation, or personalized
investment advice. Any investment or strategies mentioned here may not be suitable for everyone.
My name's Phillip Beningoso. I'm an investment professional.