POSSIBLE Signs of a scam
What you should watch for
• Be wary of investments that claim to offer particularly high rates of return.
• Scam artists will attempt to rush investors into making a quick decision to invest.
• Be cautious if the broker or adviser offering the investment has a relationship with the promoter or a personal stake in the transaction.
• Scams sometimes will use sales pitches referring to recent news events such as high oil or gas prices.
• Ask to see well history, and a third-party engineering report of the oil and gas assets being touted.
• Ask what type of reserves have been estimated, and ask for a report, one that has been audited if it is available.
SOURCE: Oklahoma Department of Securities,
U.S. Securities and Exchange Commission