Secretary of State Issues an Investor Alert

3 years 8 months 4 weeks ago April 22, 2013 Apr 22, 2013 Monday, April 22 2013 Monday, April 22, 2013 11:55:00 AM CDT in News
By: Nicole Neidenberg

JEFFERSON CITY - Secretary of State Jason Kander issued an Investor Alert today advising Missourians to be wary of investment schemes promising unusual or excessive returns. 

"Remember, if it sounds too good to be be true, it probably is," Kander said, "If an investment offers a very high profit and claims risk, there is a good chance it is a fraudulent scheme, a riskier investment, or an investment that will be difficult to sell if it doesn't work out."

Those attempting to sell these investments offer high, unsustainable rates of return- more than one percent per day and as high as 100 percent per day- through vague trading strategies. 

Kander provided the following signs for detecting an investment as fraud:

1)High, Unsustainable Yields: Many High-Yield Investment scams purport to offer excessively high rates of return, often in a short time frame. Corporate bonds with an A rating offer an average yield of 2.89% and 4.17% over 10- and 20-year time frames.

2)Off-shore accounts: Avoid any investment offering that requires you to deposit or wire money to a foreign-based account.

3)Recruiting Incentives: Avoid investment schemes with promises of higher returns or the prospect of a "referral bonus".

4)Unclear Methods: Avoid making any investment that cannot provide concrete information about the company, dealer, product, service, or how the investment will be used. Further, you should always ask for a prospectus.

5)Typos and Grammatical Mistakes: When researching an investment opportunity, be wary of documents, website and e-mail copy with excessive typos or poor grammar.

Kander urges you to call the investor hotline to make sure the person making the offer is registered in Missouri before you invest.

More News

Grid
List
The Missouri Highway Patrol said they were requested by the Columbia Police Department to conduct a death investigation in the... More >>
1 hour ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 4:16:00 PM CST in Top Stories
COLUMBIA - A Columbia man started a petition against a magic show featuring rare, white tigers at the University of... More >>
2 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 3:49:00 PM CST in News
COLUMBIA – Washington D.C. isn’t the only city subject to cyber attacks. Mid-Missouri's power lines are at risk- but not... More >>
2 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 3:26:00 PM CST in News
JEFFERSON CITY - Members of Decoding Dyslexia Missouri met at the State Capitol on Wednesday for the second annual Decoding... More >>
2 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 3:20:00 PM CST in News
JEFFERSON CITY - Breaking political tradition, Gov. Eric Greitens did not present a proposed budget for the upcoming fiscal year... More >>
3 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 3:10:00 PM CST in News
COLUMBIA- Officers responded to a robbery Wednesday morning at First State Community Bank on Golden Bear Drive. An initial... More >>
4 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 1:33:00 PM CST in News
ST. LOUIS (AP) — There's new life for a plan to have St. Louis taxpayers help fund a new downtown... More >>
4 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 1:20:06 PM CST in News
ST. LOUIS (AP) — A man whose conviction in a Missouri sports editor's death was overturned after spending nearly a... More >>
5 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 1:03:08 PM CST in News
KANSAS CITY (AP) — A Kansas City man will serve three years in federal prison without parole for pointing a... More >>
6 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 11:21:09 AM CST in News
LAS VEGAS (AP) — Police say a teenager and his mother are under arrest in the death of a Missouri... More >>
7 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 10:49:00 AM CST in News
ST. LOUIS (AP) — St. Louis police are investigating the shooting death of a 15-year-old girl. Two masked... More >>
8 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 10:07:00 AM CST in News
ROLLA (AP) — Authorities in south-central Missouri are investigating after a woman's body was found in a ditch along a... More >>
8 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 9:57:00 AM CST in News
INDEPENDENCE (AP) — Authorities are investigating a homicide in the Kansas City suburb of Independence. KMBC-TV reports that... More >>
8 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 9:54:00 AM CST in News
VANDALIA-The city of Vandalia is declaring a boil advisory until Thursday at 3 a.m. The city’s water pressure dropped... More >>
8 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 9:43:00 AM CST in News
LIBERTY (AP) — The former campus president of a Kansas City trade school says he was fired for letting a... More >>
8 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 9:31:00 AM CST in News
JEFFERSON CITY - Moody's Corporation has agreed to a settlement following a conduct investigation by the U.S. Dept. of Justice,... More >>
9 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 9:11:00 AM CST in News
COLUMBIA – The advisory board for Columbia Water and Light is set to meet Wednesday morning to discuss its goals... More >>
10 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 7:24:00 AM CST in News
EUGENE (AP) — Authorities say a 9-year-old boy has died after a farm tractor overturned in mid-Missouri. The Missouri... More >>
11 hours ago January 18, 2017 Jan 18, 2017 Wednesday, January 18 2017 Wednesday, January 18, 2017 7:07:00 AM CST in News
Columbia, MO
Broken Clouds 46°
7pm 44°
8pm 42°
9pm 41°
10pm 40°

Select a station to view its upcoming schedule:

Coming Up Next

6:00p
KOMU 8 News @ 6
6:30p
Wheel of Fortune
7:00p
Blindspot
6:00p
Family Guy
6:30p
Family Guy
7:00p
Arrow

Tonight's Schedule

7:00p
Blindspot
8:00p
Law & Order: Special Victims Unit
9:00p
Chicago P.D.
7:00p
Arrow
8:00p
Frequency
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld