jeudi 4 septembre 2014

How To Avoid Oil And Gas Investments Fraud

By Kerri Stout


You should already know by now but money is a tough one to handle. This is particularly true if you are investing. If you do not wish to make things more complicated, then you got to be wary of investing frauds. Here are some tips you can use when you want to avoid complications due to fraud, particularly when you are dealing with oil and gas investments.

First, you should remember to ask as many questions as you can to clarify the information you get out of the said investment. If you are dealing with a fraudster, then he or she might trip up along the way. It is not just enough to ask for additional information or references. You have to do your own research to get the most out of this.

It is vital for you to do your very own research. If you do your very own research, then you should be able to get to know information that you normally would never come across if you just rely on the salesperson's help. The information you should research should be those that comes from the proper authorities.

There will be a salesperson assisting you with the investment. You got to know this salesperson, if you wish to avoid frauds. Check out the salesperson's qualifications for this work. It does not matter whether this salesperson is someone you have known socially. Even if you know that salesperson, you cannot discount the possibility of a fraud after all.

When it comes to knowing the salesperson, you have to figure out whether this one is licensed to sell securities within your state. You also have to know whether the firms they represent have run-ins with other investors or with regulators. Their disciplinary history should be checked via SEC and FINRA too.

You should pay attention to offers too. There should be various offers that will come to you when you have plans of investing. Certainly, you have to be meticulous about it especially when those offers and pitches are unsolicited. Be sure to get a current financial information from an independent source when you go for this.

Protecting yourself on the Internet is a given. The Internet is a swamp that fraudsters can hide in. They wait for opportunities for victims to fall into their traps. If you are wary, then you can surely avoid these fraudsters. You also have to learn how to protect yourself and your investment on the Internet.

Since you are investing, you have to have a set of things you are looking for in your investment. Basically, you have to know what it is exactly that you are looking for. This is especially applicable for your investment and fraud red flags. You have to be aware of what red flags to look into before you invest your money.

There are certainly a number of red flags that you need to pay close attention to. If you know of these red flags, then the chances of avoiding fraud becomes higher. If you do not want your investment to become problematic, then you have to know what these red flags are. Do your research to do a good job at this.




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