SEC Regional Director Describes Affinity Fraud
Richard Best, regional director of the Securities and Exchange Commission's Salt Lake office, describes taking precautions against affinity fraud.
Video Transcript
Understand what you’re investing in. It’s just like any other product.
If you’re going to buy something, understand what you’re buying and make sure that if you have a question, if you don’t understand it, or if something just doesn’t seem right, feel free to pick up the phone and call your local regulator and ask them, Hey, listen, I have this investment. I’ve been told about this opportunity. What can you tell me about it?
And then also, what can you tell me about this individual who’s asking me to invest? Even if that regulator doesn’t cover that particular investment, very likely they are going to point you in the right direction so you can find out more information before you invest.
Be an informed consumer, that is my message.
Video Download
Video Source
Recent Video
- 06.30.2022 — Ruja Ignatova Promotes OneCoin at London Event
- 06.29.2022 — FBI and National Center for Missing & Exploited Children Sextortion PSA
- 06.14.2022 — Footage from Charlotte, North Carolina, Mass Shooting on June 22, 2020
- 05.17.2022 — Domestic Security Alliance Council
- 05.11.2022 — National Senior Fraud Awareness Day
- 05.10.2022 — Director Wray's 2022 National Police Week Address
- 04.28.2022 — National Sexual Assault Awareness and Prevention Month PSA (FBI Los Angeles)
- 04.28.2022 — FBI Los Angeles Diversity Agent Recruitment Event Promotional Video
- 04.18.2022 — Missouri Bomb Task Force Renders Safe a Cannonball
- 04.05.2022 — Former Director William Webster Offers Warning About Elder Fraud
- 03.29.2022 — FBI Portland Cyber Recruiting: Oregon Cyber Task Force
- 03.29.2022 — FBI Portland Cyber Recruiting: Regional Computer Forensics Lab
- 03.29.2022 — FBI Portland Cyber Recruiting: Cyber Special Agent
- 03.07.2022 — Made in Beijing: The Plan for Global Market Domination
- 03.02.2022 — FBI Pittsburgh Highlights Teen Academy
- 03.01.2022 — HRT Mobility Team - Fast Boat
- 03.01.2022 — HRT Mobility Team - Night Vision Goggles
- 02.28.2022 — FBI Rochester Hate Crimes PSA
- 02.28.2022 — FBI Buffalo & FBI Rochester Hate Crimes PSA
- 02.28.2022 — FBI Buffalo Hate Crimes PSA
FBI Weekly Newsletter
Subscribe to our email newsletter for news on the FBI, sent out every week.