The SEC has issued warnings and reminders about the risk of investment scams, especially during states of disaster. Among the specific takeaways conveyed in these announcements is that individuals, including those receiving lump sum insurance payouts, should be extremely wary of potential investment scams related to the recent historic rainfall and flooding. Highlighted are a number of resources to help make sure you are asking the right questions and can identify the red flags for opportunities you are approached about, before making an investment. For more details, including how to protect yourself, view the SEC’s Investor Alert.
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