Other LanguagesThe state Department of Financial Institutions recently identified 10 investment scams as the most likely to trap Washington investors. Among the culprits:
- Ponzi schemes
- Unlicensed securities sellers
- Promissory notes issued by little known or non-existent companies promising high returns.
- Unscrupulous brokers
- Affinity fraud
- Prime bank schemes
Check if investment promoters are registered and licensed in Washington by calling 360-902-8700 or 1-877-RING DFI (746-4334). The office provides tips to recognize and avoid financial schemes on its Web site.
Submitted by Holly Martinez on