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If you responded to an investment idea like this . . .
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| An investor protection message, brought to you by: Securities and Exchange Commission
U.S. Postal Inspection Service
Federal Bureau of Investigation
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You won’t be getting a job at Growth Venture because the
company does not exist. In fact, the
entire website is a complete fabrication, posted to alert investors to on-line
fraud. Growth Venture asks prospective employees to provide their
social security numbers and bank account information in an email to the company.
You should know that legitimate entities will not ask you to provide or
verify sensitive information through a non-secure means, such as email.
If you have reason to believe that a company actually does need personal
information from you, pick up the phone and call the company yourself – using
the number in your rolodex, not one from an unsolicited email or an unfamiliar
website. Fraudsters can use
sensitive information to steal your identity, ruin your credit
rating, and empty your financial accounts.
Read more about identity
theft here. (And by the way, we
haven’t collected any information about you.) In addition, Growth Venture boasts that some of its fictional employees only have company stock in their retirement plan portfolios. Owning just your employer’s stock isn’t fraudulent, but it may not be a good idea. That’s because you’ll be exposed to significant investment risk if you invest heavily in shares of your employer’s stock or any individual stock. If that stock does poorly or the company goes bankrupt, you’ll probably lose a lot of money (and perhaps your job). You can reduce your investment risk by diversifying your portfolio, or spreading your money among various investments in the hope that if one investment loses money, the other investments will more than make up for those losses. To learn more about diversification and related topics, read the SEC’s brochure, “Beginners' Guide to Asset Allocation, Diversification, and Rebalancing." |