1300 W. Washington Street
Phoenix, AZ 85007-2996
PHOENIX— The Corporation Commission today announced the top five investment products or schemes likely to trap Arizona’s investors in the new year and recommended steps they can take to protect themselves from investment fraud.
The list was developed by surveying members of the North American Securities Administrators Association (NASAA), of which the Corporation Commission is a member. The survey revealed the major threats investors are likely to see in 2020. The following were most frequently identified by NASAA members as the top five areas of concern for the coming year:
“All investments involve a degree of risk. Investors can help protect themselves by taking time to research both the investment product and the person selling it. It is important for investors to understand what they are investing in and with whom they are investing,” Chairman Robert “Bob” Burns said.
The Commission urges investors not to fall for promises of guaranteed high returns with little to no risk or deals pitched with a false sense of urgency or limited availability. Investment offers that sound too good to be true usually are exactly that—too good to be true.
Investors should always ask if the salesperson and the investment itself are licensed or registered to sell investments in Arizona. This information can be confirmed by the duty officer at the Corporation Commission’s Securities Division by telephone at 602-542-0662 or by email, SecuritiesDiv@azcc.gov.
Information about the 2020 investor threats can be found in the Investor Resources section of www.azcc.gov/azinvestor.