The concept
Red flags: guaranteed returns, pressure to act fast, requests for crypto or gift cards, unregistered advisers, and 'account managers' on social media.
Why it matters
Financial scams target beginners, especially around gold and trading.
How markets interpret it
Check registration with your securities regulator (e.g. the Canadian Investment Regulatory Organization or provincial regulators).
Key takeaways
- Guaranteed returns = red flag.
- Verify registration.
Knowledge check
Which is a scam red flag?