Investors: Beware of false or exaggerated credentials

Wednesday, June 03, 2015


The Securities and Exchange Commission (SEC) Office of Investor Education and Advocacy (OIEA) issued an investor alert warning investors that fraudsters may misrepresent their backgrounds and experience to lure investors into investment schemes. Before investing, investors should verify that any person who tries to sell them an investment product or service is properly licensed or registered and should not make investment decisions based solely on assertions regarding the person’s credentials or professional experience, including claims found on the Internet or in traditional media sources.

Click here to read the alert at


Consumer Action empowers low- and moderate-income and limited-English-speaking consumers nationwide to financially prosper through education and advocacy.




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