BBB protects against fraud

The Better Business Bureau and the Federal Trade Commission have launched a consumer education initiative on investment fraud.

While many investment offers are legitimate, the BBB advises consumers to take the time to carefully examine each one before committing to anything. To help investors avoid investmentrelated frauds and scams, the BBB offers the following advice:

• Be wary of unsolicited phone calls, letters, e-mails, or visits from strangers offering quick-profit schemes that require an immediate investment.

• Don't fall for promises that you can "double your money" or expect high returns on your investment within a short period of time.

• Turn down investment opportunities that claim time is of the essence.

• Always demand written information about the organization behind the investment plan and its track record.

• Be suspicious of claims of "inside information", hot tips, and rumors that will give you a big advantage over other, less knowledgeable investors.

• Ask for a prospectus, financial statement, or similar document before you consider investing. Read the small print and make sure you understand the terms thoroughly before signing any kind of contract.

• Contact the state securities agency to find out if the promoter and investment are properly registered in Texas.

For more information contacte the BBB in Southeast Texas at 835-5348.