Ten tips to avoid financial boiler rooms
Investors’ attraction techniques
Be wary of the following alarm signals and frequent techniques:
- Unexpected calls or emails.
- Urgency of investment.
- Personal affinity.
- Entry bonuses.
- Pyramid schemes in which you are asked to capture clients.
- Psychological pressure to force an immediate decision.
- Mention or use of the CNMV logo. Remember that the CNMV would never urge you to make an investment.
Watch out for the Internet and social networks fraud. Do not be fooled by the sophistication of some web pages. Stay alert to unsolicited offers through your social network profiles. Do not be fooled by the affinity of your social "followers."
Investor profile and education
We are all exposed to fraud. Be careful if you are not asked for information: authorized financial intermediaries who offer you a product should assess your suitability (experience and knowledge) and/or eligibility (experience and knowledge, financial situation and investment objectives) through a profile or questionnaire.
If you cannot get your money back
If you cannot get your money back, do not continue making contributions.
Report to the CNMV any suspected fraud incident and report what happened to the Police, Civil Guard or the corresponding Court.