While crypto dominates the headlines, traditional investment fraud like Ponzi schemes and high-pressure boiler room sales are still rampant.
The Promise of Guaranteed Returns
The hallmark of an investment scam is the promise of consistent, high returns with little to no risk. In real financial markets, risk and reward are correlated.
Verification
Always verify the registration of the broker or advisor using the SEC's Edgar database or FINRA's BrokerCheck. If they are not registered to sell securities, do not give them money.