Take the time to become familliar with the common frauds and scams that New Brunswickers face, then be sure to follow these steps to protect yourself:
- Be wary of anyone who suggests investing your money into something you don't understand or who urges you to leave everything in their hands. Stay in charge and make sure you understand what’s happening with your money.
- Watch out for salespeople who prey on your fears and emotions. Con artists play on your worries about outliving your savings, or being a burden on your family… Don’t let fear cloud your good judgment.
- Many people are looking for a way to quickly boost their retirement savings, but making a rushed decision could put you in a worse financial position. Get the facts and take the time to evaluate and think it through before you make any decision.
- Monitor your investments and ask tough questions. Insist on regular written reports.
- Finally don't let embarrassment or fear keep you from reporting investment fraud or abuse. Criminals prey on your fears and count on that to prevent you from notifying authorities of a scam. Every day that you delay reporting fraud is one more day that the criminal is free to spend your money and target your friends and family as their new victims.