They cannot tell you repeatedly to annoy, abuse or harass you. If you do decide to buy from a cold caller, do not give your checking or savings account numbers to the broker over the phone. Brokers must get your written permission such as your signature on a check or an authorization form before they can take money from your accounts. Tell You the Truth People selling securities must tell you the truth. Brokers who lie to you about any important aspect of an investment opportunity violate federal and state securities laws.
Honest brokers use cold calling to find clients for the long term.
They ask questions to understand your financial situation and investment goals before recommending that you buy anything. While you may find their cold calls annoying, honest brokers who follow the cold calling rules are acting within their rights. These strangers may charm or hound you to buy stocks in small unknown companies that are highly risky, or sometimes part of a scam. Aggressive cold callers speak from persuasive scripts that include retorts for every objection. As long as you stay on the phone, they will keep trying to sell.