Shaw Capital Tips on How to Spot Boiler Rooms
The North American Securities Administrators Association management estimates that unwary
investors lose billions a year to investment fraud.
Self-employment scams and high-tech schemes
are among investments...
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Shaw Capital Tips on How to Spot Boiler Rooms
The North American Securities Administrators Association management estimates that unwary
investors lose billions a year to investment fraud.
Self-employment scams and high-tech schemes
are among investments most recently heavily promoted by online.
This tip sheet is designed to
provide investors with self-defense tactics to fight off the promotion of investment scams by "boiler
rooms," the high-pressure phone sales operations from which sales people call to promote abusive
and fraudulent deals.
Shaw Capital tips on Boiler Rooms and How to Spot a "Boiler Room" Scam and fraud:
High-pressure sales tactics.
Salesmen and the management may make repeated calls and even
become abusive, questioning, for example, the intelligence of anyone who would pass up such a
"sure thing.
"
Outrageous promises of extraordinarily high profit at little or no risk.
The management rule is: The
higher the return, the higher the risk.
Listen for salesmen who c
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