PRESS RELEASE
OKLAHOMA SECURITIES COMMISSION CAUTIONS INVESTORS AGAINST MAKING UNINFORMED, SUDDEN DECISIONS AMID WALL STREET CRISIS
 
For Immediate Release
Friday, September 26, 2008 
 
 
Oklahoma City/////  The Oklahoma Securities Commission cautions Oklahoma investors against making sudden and uninformed decisions amid the ongoing market volatility and unprecedented turmoil on Wall Street. Irving Faught, Oklahoma Securities Commission Administrator, also reminded investors about the important safeguards protecting their brokerage account assets.

“We know from past experience that con artists follow the headlines to prey on the worries and fears of everyday investors,” Faught said. “With the current economic situation, state securities regulators are concerned that scammers are gearing up to promote various investment schemes with promises of big returns. If history is any guide, these investments will be worth less than the paper on which they are printed.”

Faught urged investors to make informed decisions about their long-term financial holdings and to seek the advice of a trusted investment adviser or financial planner before making any sudden moves with their money. “Investors should be wary of unsolicited financial advice or investment opportunities,” He cautioned. “In times of confusion, fear and uncertainty, there are always those who will try to prey on the investing public. Investors should resist the temptation to make hasty decisions about their investments or finances.”

The Oklahoma Securities Commission provided the following tips for investors:

• Contact the Securities Commission with any questions about an investment firm, professional or product. Make sure that both the seller and investment are licensed and registered. If they are not, they may be operating illegally.

• Use common sense. Some things really are too good to be true. Get a professional, trusted third-party opinion when presented with investment opportunities that seem to offer unusually high returns in comparison to other investment options.

• Request written information that fully explains the investment, such as a prospectus or offering circular. The documentation should contain enough clear and accurate information to allow you or your financial adviser to evaluate and verify the particulars of the investment.

• If you participate in an employer-sponsored retirement plan, such as a 401(k) plan, get unbiased advice and guidance before making any significant changes to your long-term savings and investment strategy.

The Securities Commission also reminded investors that the Securities Investor Protection Corporation (SIPC) maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms. SIPC acts either as trustee or works with an independent court-appointed trustee in a brokerage insolvency case to recover funds. Additional information about SIPC is available at www.sipc.org.

Education is Protection. Visit investedok.org for investor protection tips and information. Invest Ed™ is an investor education collaboration of the Oklahoma Securities Commission and the University of Oklahoma Outreach.
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www.sipc.org 
 
This press release, and related information, is available on the Securities Commission's web site at securities.ok.gov, by phone at (405) 280-7700, or in writing at:  Oklahoma Securities Commission, 204 North Robinson, Suite 400, Oklahoma City, OK 73102.