The SEC recently issued the following warning regarding fraudulent investment seminars:
The SEC’s Office of Investor Education and Advocacy is issuing this Investor Alert to warn investors of potential scams they may encounter at investment seminars that purport to teach investors trading strategies that will allow them quickly and easily to make money trading securities. In particular, SEC staff warns that fraud promoters may use misleading or untrue statements to lull investors into purchasing expensive products such as trading software or classes. Investors should be prepared to recognize and avoid some of the potential fraudulent conduct they may encounter at any investment seminar that purports to teach investors how to trade securities.