Get a Call From the SEC? It’s a Scam!

Have you received a call from the Securities and Exchange Commission ?

If so, it’s a scam.

In defense of this rash of telephone fraud, the SEC has issued an Investor Advisory. It says that “the SEC will never endorse investment offers, assist in the purchase or sale of securities, or participate in money transfers.  SEC staff will not, for example, contact individuals by telephone or email for purposes of:

  • recommending an investment opportunity;
  • seeking assistance with a fund transfer;
  • forwarding investment offers to them;
  • advising individuals that they own certain securities;
  • telling investors that they are eligible to receive disbursements from an investor claims fund or class action settlement; or
  • offering grants or other financial assistance (especially for an upfront fee).”

https://investor.gov/news-alerts/investor-alerts/updated-investor-alert-sec-warns-government-impersonators-3

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, SEC, Small Business, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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