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Securities Division highlights proactive investor protection tips for Financial Capability Month

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Securities Division highlights proactive investor protection tips for Financial Capability Month

April 3, 2024

SANTA FE – April is National Financial Capability Month, and the New Mexico Securities Division is sharing tips to help protect new and existing investors this month and throughout the year.

“No matter where you stand on your investment journey, reevaluating how to protect yourself and your finances is always a good idea,” said Benjamin Schrope, Acting Director of the New Mexico Securities Division “Building a solid foundation in financial literacy empowers investors to recognize and steer clear of fraudulent schemes. Throughout April and beyond, we invite investors in New Mexico to explore investor education resources to help safeguard their finances.”

The New Mexico Securities Division recommends that investors take proactive measures to safeguard their financial interests:

  1. Verify Legitimate Registration Sources:
    – Brokers, investment adviser, and anyone offering securities or investment opportunities in New Mexico must be licensed with the Securities Division. Contact the New Mexico Securities Division at 1-800-704-5533 to ensure that you’re investing with an authorized professional.
  2. Independently Verify Identity:
    – Use resources like BrokerCheck and Investment Adviser Registration Depository to independently verify the identity of anyone soliciting personal information or investment funds. Confirm that you’re dealing with a bona fide securities professional.
  3. Scrutinize Investment Solicitations:
    – Pay attention to typos, misspellings, and factual discrepancies in any investment solicitation.
    – Cross-check the provided contact information with that available on BrokerCheckor the Investment Adviser Public Disclosure website. Inconsistencies are redflags.
    – Visit RLD.nm.gov/redflags to learn more about investment fraud red flags.
  4. Conduct Independent Research:
    – Don’t rely solely on solicitation information. Investigate further.
    – Verify information using authentic regulatory filings.
  5. Remember: If It Seems Too Good to Be True…
    – Trust your instincts. If an opportunity appears exceptionally favorable, exercise caution and always check with the New Mexico Securities Division before giving someone your money.

 

For additional tips and resources, visit the New Mexico Securities Division’s website at RLD.nm.gov/securities-division.

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