Missouri Investors Warned of Common Threats

6 years 8 months 2 days ago Wednesday, June 20 2012 Jun 20, 2012 Wednesday, June 20, 2012 5:48:04 AM CDT June 20, 2012 in News
By: Associated Press

JEFFERSON CITY, Mo. (AP) - The Missouri secretary of state's office is warning investors to be alert to several common scams and threats to their money.

The Securities Division of the secretary of state's office has released its list of the top threats to Missouri investors in 2012. High on the list are online pitches from startup companies and promoters pushing new business ideas without financial statements, business plans and other traditional documents.

Other threats include questionable recommendations and unfulfilled promises from sales people who are not licensed in Missouri. Many pitches tout promised returns in gold, oil futures and other commodities.

The Securities Division says investors should ask for complete documentation explaining fees, costs and charges and a prospectus.

Photo courtesy of Flickr's Victoria - Ozarks Crescent Mural with Creative Commons

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