On May 26, 2012, the Financial Industry Regulatory Authority (FINRA) warned investors about potential scams related to natural medicines, fortified foods and other products claiming to improve potency, extend your life or to fight the common cold. Here is a link to FINRA’s Investor Alert.
FINRA warns that the solicitations for these potential scams can arrive by phone, fax, emails, text messages, tweets, blogs or message board posts. Scam signals include:
- Predictions of swift of exponential growth
- Unsolicited communications promoting the opportunity
You should read the entire FINRA alert if you are tempted to respond to one of these solicitations and remember:
If it looks too good to be true, it probably is.
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