The rising number of scams is a cause of concern for investors, traders, and government officials. What can you do to tackle such issues and avoid them to safeguard your investment?

This article takes a deep dive into the various checks that you can have for protecting your investment. However, it is crucial to note that this is not an exhaustive list of dos and don’ts.

The Basics 

Ask Questions

It often happens that most people blindly invest in a particular plan without any investigation. Fraudsters are aware of this fact and make full use of it. You can find them by doing your own research before investing.

You can seek more information by asking questions to the person who offers the investment plan. Even if you are gathering information from the adviser, you should carry out your own research independently. 

Research Is Key

Message Board postings, unsolicited mails, and company news bulletins can never be the only source of information to finalize your investment decision. You should take steps to deep dive into the company’s products or services and understand their revenue model.

You can check the company’s financial data on the SEC’s EDGAR filing system. You can even refer to…

Read more…