Illinois Secretary of State Jesse White announced this week the kickoff of a new public awareness campaign that will encourage investors to investigate before they invest. White stated: “We want to make sure that Illinoisans don’t lose their hard-earned money to fraudulent individuals or organizations. It is important to check before investing because as the adage goes, ‘If it sounds too good to be true, it probably is.’” Many of the cases in Illinois that deal with investment fraud cost residents millions of dollars each year and involve financial advisors who are not licensed to sell securities. This information is available to the public and investors are being encouraged to check these outlets before making an investment decision. The Secretary of State Department registers and regulates the following: entities offering and selling securities, broker-dealers, investment advisors, salespersons, and representatives of dealers and advisers, loan brokers, business brokers and those offering business opportunities.
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