Business and Finance
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Here's how to avoid risky investment scams, with tips from Better Business Bureau Cleveland: VERIFY Fast Facts


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  Scam Tracker Risk Report is out for 2024, and the results show the riskiest scams reported by consumers are investment scams. The thing these scams have in common is they prey on the desire to make money fast,

The article from MSN Money, titled "Here's How to Avoid Risky Investment Scams with Tips from Better Business Bureau Cleveland - Verify Fast Facts," provides guidance on steering clear of investment scams. It highlights the prevalence of fraudulent schemes where scammers promise high returns with little to no risk, often targeting individuals through social media, emails, or phone calls. The Better Business Bureau (BBB) Cleveland offers several tips to avoid these scams: be skeptical of unsolicited investment offers, especially those that pressure for immediate action; research the company or individual offering the investment through official channels like the SEC or FINRA; understand the investment thoroughly, including all potential risks; and be cautious of "guaranteed" returns or promises of no risk. The article also advises to verify the credentials of the investment advisor, check for any complaints or disciplinary actions against them, and to always consult with a trusted financial advisor before making significant investment decisions.

Read the Full WKYC Article at:
[ https://www.msn.com/en-us/money/personalfinance/here-s-how-to-avoid-risky-investment-scams-with-tips-from-better-business-bureau-cleveland-verify-fast-facts/ar-AA1BIQSD ]

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