Investment fraud schemes are taking a devastating toll on the life savings of Ohio
investors. Unfortunately, this fraud often comes at the hands of a con artist masquerading
as a trusted friend, neighbor or associate. An investment promoter can play on something
they have in common with a potential investor—such as attending the same place
of worship, being a member of the same race or ethnic group, or sharing common friends
or hobbies. No matter who is promoting the investment, Ohioans should investigate
before they invest. Investors can call the Division of Securities Investor Protection
Hotline at 1-877-NVEST411 to ask if a seller is licensed and if the investment product
The Division of Securities encourages investors to:
- Avoid blind reliance on family and friend testimonials regarding a particular securities
salesperson or investment, call the Division and perform your own research.
- Take the time to understand what you are purchasing, which means reading the relevant
prospectus or offering circular and, if needed, consulting a licensed investment
- Be skeptical when promised unusually high or unrealistic returns—especially
when other investments or financial products are not generating similar returns.
- Keep notes on conversations relating to your investment accounts and carefully review
all mailed monthly or quarterly account statements as well as online account information.
Con Artist Campaign Multimedia
The Ohio Department of Commerce Division of Securities' public awareness campaign
on con artists launched February 1, 2010. This multimedia campaign includes television,
radio, billboards, Internet advertising, and print advertising. Billboards are being
produced in partnership with the Outdoor Advertising Association of Ohio. Internet
and print advertising is being produced in partnership with AdOhio. Television and
radio spots will be aired statewide in partnership with the Ohio Association of
Broadcasters and its member stations.
The Ohio Department of Commerce
Division of Securities
77 South High Street, 22nd Floor
Columbus, OH 43215
For media inquiries, please contact Dennis Ginty at 614-644-9564 or
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