Mineral Wells Index, Mineral Wells, TX

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June 27, 2014

Library invites SEC to hold investment fraud workshop


With people like Bernie Madoff able to get away with multibillion-dollar scandals and spam coming at you each day pitching the newest penny-stocks to cash in on, it’s no surprise people are becoming more wary of investing.

However investments are still a very viable way to make money, so Boyce Ditto Public Library has invited the U.S. Securities and Exchange Commission to the library at 10 a.m. on Tuesday, July 1, to provide free information to residents on how to invest carefully and defend against fraud.

“This is from people who are not selling anything,” Boyce Ditto Public Library Librarian Palin Bree said. “This is to give you some clues on what to look for. They are from the SEC, and their goal is to educate investors to protect them from fraud.”

Examination Management Specialist Martha Fagley with the Fort Worth Regional Office of the SEC will reveal patterns of investor fraud at the workshop and will describe various resources available to investors regarding education and protection.

A few things attendees will walk away with include:

• An awareness of the tactics fraudulent investment agents utilize.

• Knowledge of how to carefully check all investment material investment agents provide.

• Knowledge of how to investigate investment agents’ credentials before investing in the opportunity they offer.

Specific types of risky investments the SEC has recently investigated or prosecuted will be highlighted.

A few scenarios include:

• Various promissory notes and high yield offerings.

• Oil and gas projects.

• Life settlement investments.

• Private offerings.

“[People will walk away] with some information and more confidence in what they are doing and the decisions they will have to make with their money and their savings,” Bree said.

A question-and-answer session will follow and coffee and tea will be served.

For more info, contact the library at 940-328-7880 or via email at library@mineralwellstx.gov.

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