Did the Securities and Exchange Commission (SEC) get into the investment advising business for 2017?
The SEC’s Office of Investor Education and Advocacy did release “a list of tips to help Americans make informed decisions and avoid common scams in 2017.”
Before making any investment, you should consult with a financial or tax professional. In addition to any discussions with your financial professional, this list of 10 investment tips could help you keep an eye out for potential fraud or scams.
Here are some highlights of the SEC’s Investor Bulletin: 10 Investment Tips for 2017
Research the background of an investment professional (available on SEC’s Investment Adviser Public Disclosure website).
Look for unbiased resources when making investment decisions, such as www.investor.gov.
Beware of promises of high returns with little or no risk – these are classic warning signs of fraud.
Diversification can help reduce overall risk of an investment portfolio.
Whether you’re a new or experienced investor, the SEC Investor Bulletin provides information that might be useful.