With respect to the product, you have the legal right to receive information in writing before you make your investment decision. Ask for a prospectus or other literature that describes the offering and the financial condition of the company. The fact that a filing was made does not constitute an endorsement or recommendation of the product by the Division, but it does indicate that certain minimum legal requirements have been met. The fact that a salesperson or adviser is licensed by the Division does not constitute an endorsement or recommendation, but does indicate that the salesperson or adviser has met certain minimum legal requirements. You also can request a computer print-out that lists the salesperson's or adviser's employment history and whether the person has been the subject of any legal or other disciplinary action.
Much securities fraud is committed through the use of high pressure telephone solicitation.
Beware of stock fraud by phone. No legitimate investment requires a split second decision or is sold using these techniques. Consider your investment objectives. And remember, its okay to just hang up on these telephone hucksters. Knowing how your investment funds will be used.