Spot These 10 Scams Before They Ruin Your Retirement

Investment fraud

Con men and women know that seniors want to grow their retirement savings. They usually call or send unsolicited emails pitching stocks they say have phenomenal returns.

Before you invest in anything, verify the information you were given by checking the company’s financial statements.

You can call your state securities regulator, or check the EDGAR database on the Securities and Exchange Commission’s website.

“Remember that a fraudster does not want you to think too much about the investment because you might figure out the scam,” the SEC says, on its website.