Tennessee Securities Division Offers 10 Tips to Protect your Nest Egg
February 18, 2016
Nashville, TN – The Tennessee Department of Commerce and Insurance’s (TDCI) Securities Division urges older investors to stay educated and informed to avoid the devastating effects of financial exploitation.
Tennessee Department of Commerce and Insurance gives tips to protect you savings.
Securities Division cautions investors about Internet risks
September 25, 2011
Social media provide high-tech platforms to prey on consumers
Nashville, TN – As people increasingly turn to online social networking sites to interact with one another, so have con artists who lurk in the virtual shadows with shady investment deals to pitch to unsuspecting investors, the Department of Commerce and Insurance (TDCI) Securities Division said this week.
The Securities Division cautions investors to make sure they know who they are doing business with when considering investments pitched through “friends” on social networking sites. “Just because someone has ‘friended’ you online does not mean that person is your friend when it comes to investing,” Securities Division Assistant Commissioner Daphne D. Smith said. “The person behind the profile may be deliberately mimicking your likes and interests to lure you into a scam.” [Read more]
Use Common Sense When Shopping Online
June 20, 2011
Nashville, TN – While online opportunities for consumers are almost endless, there are risks, too. Con artists use the Internet to defraud consumers in a variety of clever ways.
Whether buying a product from a company’s website, an online auction or on Craigslist, any time you deal with someone you aren’t meeting face-to-face, you risk getting scammed. One of the most common scams involves getting consumers to wire money. Wiring money is like sending cash; once it’s gone, you can’t get it back. [Read more]
