Category Archives: Idaho Department of Finance

Idaho Securities Regulator Warns of Threats to Investors

November 13, 2014- In a  recent article in the Idaho Statesman, Gavin Gee , Director of Finance  for the Idaho Department of Finance, warned investors to be wary unlicensed agents selling unregistered products to unsuspecting investors.

Gee focussed on four emerging investment scams:

  • Binary Options– these are option contracts with a payout dependent upon whether an underlying asset, such as the company’s stock price or a stock index, increases or decreases.
  • Marijuana industry investments-Scammers our investors with aggressive and overly optimistic projections based upon false or misleading information hoping to pump up the price of a thinly traded company. Once that is accomplished the promoter dumps the many shares he purchased at a very low price, leaving the new investors holding the bag.
  • Stream of Income investments-retirees looking for monthly income are being sold income streams, such as pension payments of government disability payments.
  • Digital currency and cybersecurity risks-Bitcoin is the most well known. It came on the market at $10, peaked at $1,200 a unit in late 2013 and is about $400 now.

See the article for full details or visit the Department of Finance website. 

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