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Introduction:
The stock market of today is extremely volatile. From bulls to bears your money is surrounded
by hazards over which you have no control.
The last thing you need is another risk for your investment dollar. There are people out
there who will stop at nothing to take your hard earned money.
These people could be your friends, pillars of the community, or just casual business
or social acquaintances. Making the wrong decision with your money can spell disaster.
Oklahoma’s Invest Ed Programs are here to help you make the right decisions and protect
the money you have worked so hard to save.
I’m your host, Rex Linn.
Welcome to this Invest Ed® Investor Protection Education Program presented by the Oklahoma
Securities Commission.
During this presentation you will learn about the Oklahoma Securities Commission, the common
types of investment scams, how to protect yourself, and what to do if you suspect fraudulent
activity.
Education is Protection.
It is our goal to help you protect your wealth through fraud prevention knowledge.
Irving?
Thank you Rex.
All investing involves unavoidable risks.
Individual investors do not have control over most of these risks.
You can however take steps to protect yourself and your family from the risk of loss from
securities fraud.
You may encounter securities fraud or investment fraud in a number of ways: in newspapers,
TV or radio advertisements, e-mails, the internet, traditional mail, the telephone, and referrals
from friends and family members.
Typically you can become a victim because the con artist gains your trust.
Investigate before you invest, no matter how well you know the person offering an investment
opportunity.
The Bernard Madoff scandal of 2008 brought to life the many dangers your investment dollar
can encounter.
Similar frauds have occurred and will continue to occur in Oklahoma.
In 2004, a father and son team swindled millions from Oklahomans in an elaborate Ponzi scheme
involving fake low-risk, high return investment contracts.
Another stock broker promised folks in Northwestern Oklahoma huge returns from a Ponzi involving
a private options trading fund, also labeled as a hedge fund.