Top 7 sign’s you’re getting scammed!

Here is a quick list of phrases you should watch out for:

1. You must act know!
2. You need to reset your passwords!
3. You owe back taxes!
4. You have won some money (variation is you have unclaimed money) !
5. You get a high yield return with no risk!
6. Do you know who this is?
7. You have to send your payment via money order or wire transfer!

For a more comprehensive list download our telemarketers cheat sheet. Great for high risk family members, laminate it and keep it close to the phone. Telemarketers cheat sheet

NASAA’s Senior Investor Resource Center

The North American Securities Administrators Association has the most thorough resource center on the web. In particular is their Investigation Form, if we could get this form out to everyone interested in investing, it could save consumers from a devastating financial blow. The form is laid out to ensure that all precaution’s are taken. Any reputable Investment firm will be happy to provide their potential customers with this information, as it is also in their best interest that investors ask for credentials. Here is a sample form,they also provide a printer friendly copy at their website NASAA.org

Seller/Agent Information
Seller/Agent Name:	______________________________________
Company/Business Name:	______________________________________
Company/Business Address:	______________________________________
Phone Number:	______________________________________
Today’s Date:	______________________________________

1. What products are you offering? (check all that apply)
Annuities	Securities
Living Trust	Estate Planning
Accounting	Other__________________________
2. Who regulates or licenses this product or service?
3. How does this product meet my investment objectives?
4. What are the risks?
5. What written information will I receive about this investment before making a decision?
Prospectus	Offering Memorandum
Most Recent Annual Report	Most Recent Quarterly or Interim Report
Recent News Releases	Research Reports
6. What license(s) do you hold that authorizes you to sell this product or service?
LICENSE TYPE	LICENSE INFORMATION
Insurance License	License No: ____________________________
Securities License	CRD No: ______________________________
Investment Advisor	License No: ____________________________ Corporation SEC
State Bar License	State Bar No:___________________________
Accountant License	CPA No: ______________________________
Real Estate License	DRE License No:________________________
Other	Explain: _______________________________

2nd annual Senior Summit; Investment scams!

This is the big one. If there is one scam that seniors should be talking about it is this one. The amount of money that is being stolen is astronomical. At the 2nd annual Senior Summit, Chris Hansen the Associate Executive Director at AARP, recited the statistic that three fourths of all assets in America comes from families in which the head of the household is over 50 years of age. One of the main topics discussed at the Summit was investment luncheons. These are luncheons set up by a group of so called financial advisor’s or investors, that target portfolios.

These are only a few of the highlights:

1. The salesmen will Try and gain your trust and then push for aggressive choices that pay them large incentives.
2. These salesmen advertise the luncheon or workshop as educational. Then when they get you there or a few days later they aggressively try and convince you to take action.
3. Just because someone shows you a certain license does not mean that they are legit, remember these people spend a good amount of time thinking of ways to take your money.

I am going to give you the hyper link for the Summit, and I do advise people watch the whole thing. Also send the link to friends and families, to local retirement communities, and senior centers.

2nd annual Senior Summit