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Avoiding Investment Scams Online

  • Tuesday Mar 6,2007 10:22 PM
  • By Web Master
  • In News Update

To avoid Internet scams, OnGuard Online suggests the following:

  • Independently Verify Claims? Never, ever, make an investment based solely on what you read in an online newsletter, bulletin board posting, or blog — especially if the investment involves a small, thinly-traded company that isn’t well known. It’s easy for a company or its promoters to make grandiose claims about new product developments, lucrative contracts, or the company’s financial health. Before you invest, make sure you’ve independently verified those claims. Get started by turning to unbiased sources, such as the U.S. Securities and Exchange Commission (SEC), your state securities regulator, and securities industry self-regulatory organizations (including NYSE, Amex, and Nasdaq).
  • Do Your Homework. Offers to sell securities must be registered with the SEC or eligible for an exemption — otherwise the offering is illegal. To see whether an investment is registered, check the SEC’s EDGAR database and call your state securities regulator for more information about the company and the people promoting it. The fact that a company has registered its securities and files reports with the SEC doesn’t guarantee the company will be a good investment. Likewise, the fact that a company hasn’t registered and doesn’t file reports doesn’t mean the company is a fraud. But many investment frauds, including online scams, involve unregistered securities — so always investigate before you invest.
  • Be Skeptical of Self-Provided References. Fraudsters will falsely assure you that an investment is properly registered with the appropriate agency and purport to give you the agency’s telephone number so that you can verify that “fact.” Sometimes they will give you the name of a real agency — other times they will fabricate one. But even if the agency does exist, the contact information they provide invariably will be false. Instead of speaking with a government official, you’ll reach the fraudsters or their colleagues — who will give the company, the promoter, or the transaction high marks.
  • Thoroughly Check Out Promoters and Company Officials. Many fraudsters are repeat offenders. Whenever the SEC sues an individual or entity, the agency issues a “litigation release.” Litigation releases going back to 1995 are available on the SEC’s website, www.sec.gov — simply run a search for the promoter, his or her company or newsletter, the company being touted, and its officers and directors. You also can check the licensing and disciplinary history of the person or entity promoting the opportunity by using NASD’s free BrokerCheck service or by calling your state securities regulator.
  • Find Out Where the Stock Trades. Many small, thinly-traded companies cannot meet the listing requirements of a national exchange. The securities of these companies trade instead in the “over-the-counter” market and are quoted on OTC systems, such as the OTC Bulletin Board or the Pink Sheets. Stocks that trade in the OTC market generally are among the most risky and most susceptible to manipulation.
  • Watch Out for High-Pressure Pitches. Beware of promoters who pressure you to buy before you have a chance to think about and fully investigate an investment opportunity. Don’t fall for the line that you’ll lose out on a “once-in-a-lifetime” chance to make big money if you don’t act quickly. Remember: if an opportunity sounds too good to be true, it probably is.
  • Consider the Source and Be Skeptical. Whenever someone you don’t know offers you a hot stock tip, ask yourself: Why me? Why is this stranger giving me this tip? How might he or she benefit if I trade? Never forget that the person touting the stock may well be an insider of the company or a paid promoter who stands to profit handsomely if you trade.

A prudent investor should choose the one that yields better returns in the market. There are lots of risks and speculations in the market and so he must act with extreme caution. He has to avail the services of a financial consultant or a chartered accountant. He must do maximum research before going ahead with the task of investment. He must also consult with other investors before making a decision.

You must try to allot at least a minimum amount of money to invest regularly. You must not be carried away by tall claims and verify its authenticity before making a particular investment. You must see to that your investment reflects a balanced portfolio. If necessary you may borrow money to make your investments. However they must definitely yield profits.

Internet Fraud: How to Avoid Internet Investment Scams

  • Tuesday Mar 6,2007 10:13 PM
  • By Web Master
  • In News Update

The Internet serves as an excellent tool for investors, allowing them to easily and inexpensively research investment opportunities. But the Internet is also an excellent tool for fraudsters. That’s why you should always think twice before you invest your money in any opportunity you learn about through the Internet.

This alert tells you how to spot different types of Internet fraud, what the SEC is doing to fight Internet investment scams, and how to use the Internet to invest wisely.
Navigating the Frontier: Where the Frauds Are

The Internet allows individuals or companies to communicate with a large audience without spending a lot of time, effort, or money. Anyone can reach tens of thousands of people by building an Internet web site, posting a message on an online bulletin board, entering a discussion in a live “chat” room, or sending mass e-mails. It’s easy for fraudsters to make their messages look real and credible. But it’s nearly impossible for investors to tell the difference between fact and fiction.

Read More

Open An E-Gold Account

  • Tuesday Mar 6,2007 08:45 PM
  • By Web Master
  • In News Update

Step by Step

  1. Click here to go to http://www.e-gold.com
  2. Chose “Create An Account” option
  3. Read through the user agreement and click on “I Agree” button
  4. You will see “New e-gold Account Creation Form”
  5. Fill your personal or company info and click on the “Open” button
  6. You will receive your e-gold account number delivered to your email address
  7. You may now login to your e-gold account with your e-gold account number and your passphrase you keyed in earlier

HOW TO FUND YOUR E-GOLD ACCOUNT IN MALAYSIA? CLICK THE BANER BELOW….

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