Check Before You Invest!
Whether you are new to investing, near retirement or somewhere in between, it is critical to check out both the financial professional and the securities product before making an investment. Being a well-informed investor is the best protection against making an unsuitable investment or becoming a victim of investment fraud. Often we learn that an investment scam or other problem could have been avoided if the investor had first checked on the registration and background of the salesperson before handing over their money.
To offer securities or investment advice in Wisconsin, the salesperson and firm must be registered or exempt from registration. To verify someone’s registration status, call the Division of Securities at (608) 266-2139 or go to FINRA BrokerCheck. For additional information, refer to Working With Financial Professionals.
The Wisconsin Department of Financial Institutions regularly posts information of interest to Wisconsin consumers and investors on the following Facebook, Twitter, and LinkedIn social media sites. Please like our DFI pages to receive future alerts.
Other organizations helping investors:
The Securities and Exchange Commission (SEC) has a website devoted to investor education: SEC Investor.gov
The Financial Industry Regulatory Authority (FINRA) provides oversight to securities brokerage firms and offers investor education resources: FINRA For Investors
The North American Securities Administrators Association (NASAA), the national organization of state securities regulators, also includes various investor education resources on its website: NASAA Investor Education