How can I avoid telemarketing calls?
Get on the National Do Not Call Registry. Register your phone number here or phone888-382-1222.
How can I deal with pushy telemarketers?
Don’t feel that you have to be nice or polite. You don’t have to talk to these people. Just hang up.
What if I’m asked for personal information?
Never send money or give out credit card numbers and expiration dates, bank account numbers, dates of birth, pin numbers or Social Security numbers to unfamiliar companies or people you don’t know. Your financial institution , insurance company or credit card company will never call or email you and ask for your password or PIN numbers.
What terms should raise concern about a proposed investment?
Be wary of these terms: high rate of return, risk-free investment, or guaranteed against loss. High rates of return are usually accompanied by high risk, and legitimate investments are not guaranteed against loss.
What if I’m pressured into making an immediate decision?
Don’t let a salesperson pressure you into quick decision. Do your own research, call the Iowa Insurance Division at 877-955-1212 and consult with someone you trust before making a large purchase or investment.
What protects me from losses associated with my investment?
Securities regulators make sure companies abide by securities laws and rules, but they do not insure investments. You should determine what degree of risk you are willing to take and be prepared to experience possible losses.
Can I trust that classy promotional materials and websites are reliable indicators of legitimate investment opportunities?
Promotional materials, websites, company addresses, and testimonials from investors can all be part of a scheme to lure you into a fraudulent scheme. Do your homework before you part with your money.
How can I make sure the people trying to sell me investments or insurance are reliable?
One way is to ask them to complete and sign a “Check Before You Invest” form, and then verify the information they provide with the Iowa Insurance Division.
Should I report fraud?
Don’t let embarrassment over your investment stop you from reporting fraud and protecting others from the same scheme. Simply click this link to report fraud, or call IID at 877-955-1212 for assistance in reporting fraud.
To report fraud, there are four major agencies you can turn to:
- Investment or insurance fraud – Iowa Insurance Division
- Consumer fraud – Iowa Attorney General’s office
- Elder abuse or financial exploitation – Iowa Department on Aging
- Medicare fraud – SHIIP or Senior Medicare Patrol (SMP)
Looking for more information about fraud and how to protect your loved ones? Click here to get our full list of additional fraud-fighting resources.