The PIABA Foundation

Promoting Investor Education

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Investor Alerts

Investor Alerts

One of the most important consumer tips is know what you are buying. This maxim certainly applies to investing in stocks. There are well over 20,000 companies whose shares trade either on a U.S. exchange or over-the-counter. FINRA is issuing this Alert to caution investors that, with so many companies and trading symbols, there is ample room for confusion—and good reason to carefully research any investment before making a purchase.

Private placement offerings can be a key source of capital for American businesses. But investing in private placements is risky and can tie up your money for a long time. As with other investments, you can also lose some or all of your money.

Recently, FINRA has received reports that scamsters are posing as employees of at least one well-known brokerage firm to obtain personal information. In a new twist to Internet "phishing schemes," which use spam email to lure you into revealing everything from Social Security numbers to financial account information, it appears that some fraudsters may be resorting to a time-tested method—the telephone call.