I am trying to get information about a Company so that I can ascertain wether or not it would be a safe place to invest. There must be some kind of 'Government Watchdog' organisations to monitor Company activity in order to protect the public but I just don't know of any. Can anybody help me please?
2007-07-13 09:29:23 · 5 answers · asked by mortuary 1 in Business & Finance ➔ Other - Business & Finance
The US Company may well exist BUT why on earth do you think :-
1) it's worth investing in ?
2) You will actually recieve any 'real' shares ?
Any "Broker" / "Dealer" etc. that contacted YOU is likley to be running an investment scam.
It works like this :-
Con Merchant contacts random Mugs informing them that they have been 'chosen' to recieve an 'Hot Investment Opportunity' in eg. 'an exciting new Company in (Global Warming/ Carbon Offsets / 'flavour of the month') expecting to raise $100m in IPO next year and will return in excess of 1,000% blah blah blah)...
Despite that fact that Con-merchnat is using a Free Public EMail address (like 'FinancialConsultants@yahoo.co.uk', etc) Mug is taken in and pays over Money via Western Union (or other non-reversable 3rd party transfer method that prevents Mug learning details of Con-merchants Bank accounts)
Con-Merchant issues nicely printed 'Share Certificate' (has words like "New York Stock Exchange" and "American Deposit Reciept" in fancy font etc. etc. whatever) ..
After a month or so, Con-Merchant informs tells Mug that the price has gone up already & says "tell all your friends".
Mug now becomes Sucker. Sucker does the Con-merchants work for them by 'sucking in' all their mates ..
Every time Sucker wants to SELL, Con-merchnat says 'price will go up more, just wait a bit' or makes some excuse ...
Eventually Sucker demands to SELL .. at this point the Con-merchant stops replying to email & moves onto the next SCAM.
2007-07-17 00:45:03 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
The Better Business Bureau are a "clearing house" for info on "up & running" businesses, but any company that is not widely known and on a major exchange is an investment risk; the rewards for investing in "new" companies can be huge, but about 90% of them go belly-up within a few years. If you want "safety" don't invest in any company with minimal daily trading volume!
2007-07-13 09:34:33 · answer #2 · answered by Anonymous · 1⤊ 0⤋
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2016-02-15 11:20:30 · answer #3 · answered by ? 3 · 0⤊ 0⤋
most towns and cities in USA have a local chamber of commerce. contact them for advice on a company in their local area
2007-07-13 09:33:03 · answer #4 · answered by john m 6 · 1⤊ 0⤋
Contact the BBB, that should help.
2007-07-13 09:40:00 · answer #5 · answered by Anonymous · 0⤊ 0⤋