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South Plains of West Texas
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SECURITY or INVESTMENT COMPANIES
If you have received a phone message on your machine for someone else about a 'hot stock' investment, erase the message. You have just received a telemarketing message that is designed to sound like the person calling got the wrong number and leaves a lengthy message about stocks to be purchased at a really good rate. The caller leaves a cell phone number to return the call. The Securities & Exchange Commission offers these 'red flags'of frauds: 1) If it sounds too good to be true, it is. 2) Guaranteed returns aren't. Every investment carries some degree of risk. Most fraudsters spend a lot of time trying to convince investors that extremely high returns are 'guaranteed' or 'can't miss'. Don't believe it. 3) Check out the company before you invest. 4) If it is that good, it will wait The BBB advises consumers to check with their local Securities Commission to determine if the company is properly registered in your state. The phone number for the South Plains office of the State Securities Commission is 806-762-8010 or visit the U.S. Securities & Exchange Commission web site at: www.sec.gov.
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