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FINRA Scam Meter

Friday, May 31, 2013 - 8:03 AM
From FINRA: 
We've all heard the timeless warning "If it sounds too good to be true, it probably is." It’s great advice, but the trick is figuring out when "good" becomes "too good." And if you have a good salesperson—or worse, a dishonest one—it gets really hard.

While there's no clear way to know, in just four questions our Scam Meter will help you tell if an investment you are thinking about might be a scam.

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The Scam Meter evaluates multiple-choice responses to questions concerning a description of the investment, how you learned about it, what you have been told, and who is selling the investment.  Although the tool issues "red flag" warnings as appropriate based on the answers, the final decision of course rests with the consumer. 
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