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09/07/2012
Before you invest your earnings, it is important to check for scams and verify credibility of the investment firm. Asking questions, research the company, reach out to local investment firms and advisers, talk to other investors. It’s essential to take precaution with all investment opportunities.
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09/23/2011
Fraud targeting senior citizens continues to be a widespread concern reported by Better Business Bureau. In 2010, more than 2,700 seniors filed complaints with BBB, and so far in 2011 BBB has received more than 1,300 complaints.
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09/23/2010
The Army Times reported recently that the board governing the Thrift Savings Plan is launching a new Roth option.
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09/02/2010
Life happens. Babies, weddings, funerals. Throw in graduations, promotions, maybe even birthdays and you’ve got all the ingredients needed for rash decisions.
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06/01/2010
Better Business Bureau recommends researching the investment company first, rather than run the risk of falling for a financial siren song over a free lunch.
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02/21/2007
Arlington, VA, February 21, 2007 – The Council of Better Business Bureaus is warning consumers across the United States and Canada to be wary when considering foreign currency investment, particularly alleged investment deals for the Iraqi Dinar.
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01/04/2006
Arlington, VA, January 4, 2006 - With the start of the New Year, many people will resolve to improve their financial security by taking advantage of investment opportunities. To steer clear of risky ventures, the Better Business Bureau is urging would-be investors to carefully evaluate the investment product or program, its promoters and its sales pitch.
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12/05/2005
The Better Business Bureau warns investors to beware of bogus investment-related regulatory Web sites being used by scam artists to lend legitimacy to their ploys. Some operate through fake Internet pages set up to look like the official Web sites of regulatory agencies and compliance commissions and others contact their victims through the mail or by phone. In each case, the investor is led to believe that they are dealing with a legitimate domestic or international regulator who is vouching for a particular investment business, stock or broker.
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12/15/2004
Arlington, VA - December 15, 2004 -- The Better Business Bureau System and Capital One Financial today released its second set of consumer education topics as part of the BBBTipsTM financial education series. The newly-introduced BBBTipsTM on Saving and Investing offers savings tips and strategies designed to help consumers make smart financial choices and provides practical information consumers can use to save and grow their money to meet both near and long term needs.
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06/17/2004
When investing your money in any security, it is usually risky business. Making the wrong decision can cause you to lose your investment very quickly. According to the National Association of Securities Dealers (NASD), consumers who use the equity in their home to invest in securities are taking a big risk.
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05/03/2004
Consumers look to financial planners to provide objective, knowledgeable advice about managing an important aspect of their lives: their money. Because the field is largely unregulated, however, the title "financial planner" does not guarantee any level of qualifications or expertise. Consumers therefore need to exercise caution when choosing someone with whom to entrust financial resources.
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09/06/2003
Opportunists who commit these scams know that seniors and others living on fixed incomes are being squeezed in the current financial environment. Their products and pitches sound tempting to many seniors who have seen their retirement nest egg dwindle in the past few years.
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09/04/2003
With financial markets on the upswing, many consumers are re-evaluating their investment options. Solicitations to trade foreign currency contracts, also known as "forex", are particularly tempting. Ads for high-return, low-risk investment opportunities in foreign currency trading are blanketing local newspapers, radio promotions and attractive Internet sites. Are these offers too good to be true?
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08/07/2003
If you are a first time investor turning to the market to help secure your future, be sure you chose a reputable broker or investment adviser. According to the U.S. Securities and Exchange Commission (SEC), federal and state securities laws require brokers, advisers and their firms to be licensed or registered, and to make important information public. But it is up to the consumer to find that information and use it to protect their investment dollars. This information is easy to obtain, and one phone call or web search may save you from sending your money to a con artist, bad broker or disreputable firm.
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04/26/2003
People build in-ground swimming pools for many reasons - social, aesthetic or for health reasons. Whether you are a practical consumer or an extravagant dreamer, seeking a tropical paradise with tumbling waterfall, the Better Business Bureau advises you to keep in mind your needs, desires and budget before making any purchasing decisions.
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