PRESS RELEASE
IRAQI DINAR SCAMS
 
For Immediate Release
Thursday, February 02, 2012 
 
Contact: Irving Faught, Administrator
  Oklahoma Securities Commission
  405-280-7700
 
 
Oklahoma City/////  Oklahoma residents are seeing an increase in solicitation for investment opportunities in Iraqi Dinars, the currency of Iraq. The Oklahoma Securities Commission (Commission) and Oklahoma Bankers Association caution Oklahoma investors against making uniformed decisions regarding Iraqi Dinar currency exchange investments.
Oklahoma residents have been offered unsubstantiated claims for extraordinary returns on Iraqi Dinar investments. High pressure sales techniques are used when offering the investment including stating this is a time sensitive investment that requires immediate action. The majority of these investments result in the Oklahoma investor’s complete loss of principal.
These investment offerings require careful research. 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.

Irving L. Faught, Administrator of 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 website, securities.ok.gov, to check out the registration of a broker-dealer, investment adviser or investment products.

The Oklahoma Bankers Association is working with banks throughout the state to help protect Oklahoma consumers.

Visit the Invest Ed® website, 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.
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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.