Commissioner’s Corner

December 2019

Posted on Dec 1, 2019 in Commissioner's Corner

TIP: Investment scams can take many forms—and fraudsters can turn on a dime when it comes to developing new pitches for the latest scam. Though the wrapper or hook might change, the most common securities frauds tend to fall into the same general schemes. Check out this InvestorAlert piece from FINRA to help protect your ...
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November 2019

Posted on Nov 1, 2019 in Commissioner's Corner

TIP: Are you a senior investor with questions about your brokerage account statement or an investment in a brokerage account?  Are you concerned that your account may have been mishandled by a broker? To help you with these and other investment-related questions, FINRA provides the Securities Helpline for Seniors, call 884-57-HELPS Monday to Friday 9 ...
Read More November 2019

October 2019

Posted on Oct 1, 2019 in Commissioner's Corner

TIP: Advance fee fraud ask investors to pay a fee up front – in advance of receiving any proceeds, money, stock or warrants – in order for the deal to go through. These schemes may involve the sale of products or services, the offering of investments, lottery winnings, found money, or many other so-called opportunities. ...
Read More October 2019

September 2019

Posted on Sep 1, 2019 in Commissioner's Corner

  TIP: Cryptocurrencies are digital assets created by companies or individuals that take the form of a virtual coin or token. Cryptocurrencies are intangible and exist only on the internet. Central banks and other governmental authorities do not insure or control cryptocurrencies. Before you jump into the crypto craze, be mindful that cryptocurrencies and related financial ...
Read More September 2019

August 2019

Posted on Aug 1, 2019 in Commissioner's Corner

TIP: Ask Questions! That’s the best advice we can give you about how to invest wisely. Many investors can avoid trouble and losses if they ask basic questions from the start. We encourage you to thoroughly evaluate the background of any financial professional with whom you intend to do business—before you hand over your hard-earned ...
Read More August 2019

July 2019

Posted on Jul 1, 2019 in Commissioner's Corner

TIP: If someone is selling you securities or advising you on your investments, that person and company should be registered. Contact the Office of the Securities Commissioner at (808)586-2722, to see if your professional is registered. When you call please have the name of the firm and the individual’s first and last name and middle ...
Read More July 2019

June 2019

Posted on Jun 1, 2019 in Commissioner's Corner

TIP: Every year, victims are scammed out of millions of dollars. Our Kupuna, especially in Hawaii are a target for con artists because they tend to have a trusting nature and a large nest egg. Often, the “con artist” turns out to be someone that the victim knew and trusted. Don’t let a greedy con ...
Read More June 2019

May 2019

Posted on May 1, 2019 in Commissioner's Corner

TIP: Do you have a Social Networking account? If you do you may be vulnerable to online investment fraud. Websites such as Facebook, Twitter and other online social networks and communities have made it faster and easier for users to establish connections with anyone around the world. Fraudsters can meet and build credibility, and ultimately ...
Read More May 2019

April 2019

Posted on Apr 1, 2019 in Commissioner's Corner

TIP: A Ponzi scheme is an investment scam that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, rather than engaging ...
Read More April 2019

March 2019

Posted on Mar 1, 2019 in Commissioner's Corner

TIP: It is human nature to trust people who are like yourself. Con artists are increasingly targeting religious, ethnic, cultural & professional groups by gaining trust & then stealing the savings of members of the group. Con artists use their relationships to get their “friends” to buy into fake investments, often Ponzi schemes. Click on the ...
Read More March 2019

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