The Arizona Corporation Commission issued a scam watch list called “Top 10 Investor Traps.
The Arizona Corporation Commission urges investors to take stock of their financial education and arm themselves with the know-how to recognize a fraudulent investment pitch that can snag their money.
Many of the investor traps pitch above-market returns with guarantees, but the catch is that investing is risky business with the possibility of financial loss. Promoters provide little, if any, disclosure of the risks or worse yet, are con artists with investments that don’t even exist.
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