Dishonest brokers often refuse to take or return phone calls from customers who want to sell. These brokers will use high-pressure tactics to persuade you to keep the stock. Or they will simply refuse to sell it. When cold callers use harassing, abusive sale tactics and lie to you about investment opportunities, they violate the cold calling rules and break federal and state securities laws. To complain about abusive callers, write down the name of the caller, the name of the firm, the date and time of the call or calls, what the caller said to you, and what you said to the caller.
Some salespeople just don t get it.
If cold callers annoy you, stop them before they start their sales pitch. If anyone from the firm calls you again, complain to the firm s compliance officer, the SEC and your state s securities regulator. They might try to put you off guard by chatting about your hometown or the local sports team. OR they mighty suggest they ve spoken with you before. Don t fall for their tactics.