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Published: December 28, 2019


THE TENNESSEE DEPARTMENT OF COMMERCE & INSURANCE SECURITIES DIVISION ANNOUNCED THIS WEEK THE TOP FIVE INVESTMENT PRODUCTS OR SCHEMES LIKELY TO TRAP TENNESSEE’S INVESTORS IN THE NEW YEAR. ACCORDING TO A PRESS RELEASE, THE LIST WAS DEVELOPED BY SURVEYING MEMBERS OF THE NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION TO IDENTIFY THREATS INVESTORS ARE LIKELY TO SEE IN 2020. THE FOLLOWING WERE MOST FREQUENTLY IDENTIFIED BY MEMBERS AS THE TOP FIVE AREAS OF CONCERN FOR INVESTORS THE COMING YEAR: PROMISSORY NOTES, PONZI SCHEMES, REAL ESTATE-RELATED INVESTMENTS, CRYPTOCURRENCY-RELATED INVESTMENT PRODUCTS AND SOCIAL MEDIA/INTERNET-BASED INVESTMENT SCHEMES. REMEMBER: INVESTMENT OFFERS THAT SOUND “TOO GOOD TO BE TRUE” OFTEN SHARE SIMILAR CHARACTERISTICS. THE MOST COMMON TELLTALE SIGN OF AN INVESTMENT SCAM IS AN OFFER OF GUARANTEED HIGH RETURNS WITH NO RISK. INFORMATION ABOUT EACH OF THE 2020 INVESTOR THREATS CAN BE FOUND ONLINE AT THE N-A-S-AA’S WEBSITE.