https://beforeyouinvest.ca/2010/03/investment-fraud-checklist/ A Guide to Safe Investing and Fraud Prevention from the Nova Scotia Securities Commission Sat, 30 Apr 2011 23:20:20 -0300 http://wordpress.org/?v=2.8.4 hourly 1 https://beforeyouinvest.ca/2010/03/investment-fraud-checklist/comment-page-1/#comment-272 JoeTaxpayer Fri, 26 Mar 2010 01:33:53 +0000 https://beforeyouinvest.ca/?p=593#comment-272 One of my pet peeves has been a mortgage acceleration product which I and other believe to be a scam. Not an investment, but those selling it claim it will save you $100K for its $3500 cost. There's your rule (1). They do push you to not really ponder it over too long, every day you wait, you're losing money (2). They don't claim (3) inside info, per se, but they do say the algorithm is secret and of course can't explain it. There is no (4) credible source, and no (5) registration. Agents need no credential to sell these and the companies go so far as to claim they are not offering financial advice, what a way to skirt the regulations. Nice article, too bad Madoff's investors didn't understand any of this. One of my pet peeves has been a mortgage acceleration product which I and other believe to be a scam.
Not an investment, but those selling it claim it will save you $100K for its $3500 cost. There’s your rule (1).
They do push you to not really ponder it over too long, every day you wait, you’re losing money (2). They don’t claim (3) inside info, per se, but they do say the algorithm is secret and of course can’t explain it. There is no (4) credible source, and no (5) registration. Agents need no credential to sell these and the companies go so far as to claim they are not offering financial advice, what a way to skirt the regulations.
Nice article, too bad Madoff’s investors didn’t understand any of this.

]]> https://beforeyouinvest.ca/2010/03/investment-fraud-checklist/comment-page-1/#comment-270 Ray @ Financial Highway Wed, 24 Mar 2010 23:19:51 +0000 https://beforeyouinvest.ca/?p=593#comment-270 Always check the background and credentials. Remember what sounds too good to be true, probably is too good to be true. Always check the background and credentials. Remember what sounds too good to be true, probably is too good to be true.

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