The elderly, and particularly older women, are a frequent target of scam artists. Always seek the advice of a neutral party before investing. This could be other family members, friends, your banker, or CPA, AARP or other organizations and professionals who could help you. Monitor your investments and ask tough questions. Insist on regular written reports and look for signs of excessive or unauthorized trading of your account.
Constant vigilance is a vital part of being an investor.
If you suspect that something is amiss and you get unsatisfactory explanations, call the Securities Division and make a complaint. Look out for trouble when retrieving your principal or cashing out profits. If any person with whom you have invested stalls when you want to withdraw your money, you may have uncovered someone who is cheating you. If you are not investing in a fixed-term security, such as a bond or limited partnership, you should be able to receive your funds within a few days. Report investment fraud or abuse immediately, despite any embarrassment or fear you may feel.