Oklahoma City, Oklahoma
Oklahoma Securities Commission Identifies Investor Threats Among Financial Products and Practices
For Immediate Release
Tuesday, August 30, 2011
Contact: Irving Faught, Administrator
  Oklahoma Securities Commission
Oklahoma City/////  The Oklahoma Securities Commission (Commission) announced the annual release by the North American Securities Administrators Association of its annual list of financial products and practices that threaten to trap unwary investors, many by taking advantage of investors troubled by lingering economic uncertainty and volatile stock markets. For the complete national list, log on the Commission Web site at http://securities.ok.gov.

“The current economic uncertainty sparks con artists to seek ways to exploit the headlines to their advantage while leaving investors holding an empty bag,” said Irving Faught, Commission Administrator.

Oklahoma investor complaints include questionable investments in foreign currency trading; distressed real estate; sure-thing oil and gas development and exploration; promissory notes and other high risk securities products. Seniors are particularly vulnerable and they and their caregivers should be on guard for fraudulent products and sales practices like affinity fraud, bogus or exaggerated sales credentials, and securities and investment advice offered by unregistered persons. Switching from relatively safe investments to unsuitable speculative securities, for the promise of higher return, involving day or option trading, gold or other precious metals may involve devastating risk.

These investment offerings require careful research and a strong reminder that if it sounds too good to be true, it probably is not true, nor will it be profitable to anyone but the promoter. Investors should do business only with registered brokers and investment advisers. “Investors should report any suspicion of investment fraud to the Commission,” Faught said.

The Commission urges investors to learn the warning signs of investment fraud and independently verify any investment opportunity as well as the background of the person and company offering the investment. The Commission provides detailed background information about those who sell securities or give investment advice, as well as whether the products being offered are registered transactions. Visit the Commission Web site to check out the registration of a broker-dealer, investment adviser or investment products.

Visit the Invest Ed® Web site, http://investedok.org, for unbiased investor protection tips, to download free protection resources or to learn more about investment fraud and how to protect yourself from financial predators. Invest Ed® is the investor education program of the Oklahoma Securities Commission and an investor protection collaboration of the Oklahoma Securities Commission and the University of Oklahoma Outreach.
2011 NASAA Investor Traps and Threats
This press release, and related information, is available on the Department of Securities' web site at www.securities.ok.gov, by phone at 405/280-7700, or in writing at:  Oklahoma Department of Securities, 204 North Robinson, Suite 400, Oklahoma City, OK 73102