SEC Issues Investor Alert Regarding Radio Investment Schemes

The SEC issued an investor alert that educates investors about warning signs and red flags for investment scams offered on the radio. The SEC cautioned that while many radio programs that discuss investments are legitimate and operate under the law, these radio programs could also be a part of a fraudulent scheme designed to deceive investors or the public at large. Such schemes could include touting, "pump and dump," scalping and ponzi schemes.

The alert also listed warning signs of potential investment fraud, such as promises of high investment returns and pressure to buy "right now."