What is an investment scam?
An investment scam is a fake investment opportunity presented to individuals by scammers who impersonate real people from financial service firms. The scammers will present extremely appealing investment opportunities through a series of highly convincing interactions, often supported by sophisticated fake disclosure documents and application material.
How can I avoid being scammed?
Treat any unsolicited contact from financial service firms or individuals who are not your trusted financial adviser with suspicion. FSI does not make direct contact with prospective individual investors regarding investment opportunities.
What are some indicators of an investment scam?
- Unexpected, unsolicited contact
- Promises around guaranteed investment returns
- Claims that the government or a regulatory authority guarantees investments
- Invitation-only investment opportunities or time pressures to invest.
What should I do if I think I am the target of a scam?
- Report the scam to the Australian Securities & Investments Commission (ASIC) using the online reporting tool on the ASIC website and the Australian Competition and Consumer Commission (ACCC) via its scamwatch service.
- If you suspect you are being targeted with any fake or copy websites, or that your identity has been obtained or is being used by someone else, you can file a complaint the Australian Cyber Security Centre.
- If you receive any unsolicited contact from persons purporting to be representatives of FSI please do not respond to it, notify us by email via [email protected].
Is there any additional information or resources available to help me identify potential scams?
- For current alerts on scams: https://www.scamwatch.gov.au
- For general information on your online safety: https://www.staysmartonline.gov.au
- For learning more about recognising and reporting scams: https://www.cyber.gov.au/learn/scams
- For information about protecting your identity: https://www.idcare.org