you wish to investigate a security for value, check our
What's it worth?
We realize that some of our site visitors are interested in real
investments and not collectibles. This page is provided
for those just passing through.
We have listed some
information about investing fraud and some common schemes.
Please check out some of the links to help you avoid stock and
bond fraud and see some of the examples that the SEC has
We also have books
below that cover the subjects of
fraud, investing, stocks, and the stock market.
Well, it happened again!
This time, Bernie Madoff
used the classic Ponzi scheme to dupe tail end investors seeking great and guaranteed
returns. As always, if it is too good to be true, it is. We now see
that Madoff created a pyramid of up to $50 billion by involving international
banks and investors of mostly large wealth. How do people get there money
back? They likely won't because it was a scam and their money has been
long distributed. You can still visit the website (Madoff.com)
but only for fun and entertainment. This is a good lesson in diversification,
due diligence, and greed.
Check out our links below about avoiding securities and investment fraud. OldStocks.com
only hopes to educate you; we do not recommend or advise. Buyer
beware. Do your homework. Report suspicious activity to the SEC.
ABOUT SECURITIES FRAUD
fraud is an act committed by an entity intending to manipulate
the market through deliberate concealment, or distortion of
information. The SEC acts
to regulate against securities fraud by enforcing investment
acts and laws. The
SEC monitors the securities market and investigates unusual
market activity. The most common forms of securities fraud that the SEC
regulates against are:
Insider trading, Accounting
fraud or shareholder fraud
occurs when a corporation
conceals information or misrepresents itself before the public.
Because corporations are designed to function as entities of
their own, directors have a lower level of personal
responsibility for the outcome of business decisions than they
would if they were direct owners. In addition, corporation
directors operate under limited liability.
houses commit fraud
when they offer false or deceptive
information to their investors in an effort to manipulate the
market. The SEC has set business standards for broker-dealers to
follow in order to advise investors well, and handle the flow of
inside information fairly.
IDENTIFYING AND AVOIDING SECURITIES FRAUD
The following links are online guides written by the SEC on education, financial
statements, investigating your broker or adviser, what to watch
out for, and how to file a complaint.
INVESTMENT FRAUD INVOLVING US TREASURY
The Bureau of the Public Debt and the U.S.Treasury are aware
of several fraudulent schemes or scams that involve what are
claimed to be securities issued or backed by the Treasury
Department or another part of the United States Government.
These scams have been directed at banks, charities, companies,
and even individuals, by individuals or organizations seeking
payment on the fraudulent securities.
Marketable Treasury Securities Work
Learn about the types of securities, how they are sold, and how
book-entry securities are held.
Involving Treasury Securities
Find out more about the renting, leasing, or blocking of
of Known Phony Securities
See examples of phony securities and learn more about the scams.
Learn about the many scams involving historical bonds.
COMMON SENSE ADVICE:
|There are no sure things
in investments. There are risks of some level with
every stock, bond, or mutual fund. If it sounds too
good to be true, find something else.|
|Do your due
diligence. Investigate and study before buying.
Do not buy on impulse because you want to get in on the
action. Realize that some investment
advice is just a fancy sales pitch. Examine that the
type of investment fits your needs and age. |
|Only get stocks from a
broker. Investments are regulated so the seller needs
a license! If you just want the certificate, that's what we
|Never issue funds to an
individual for investments. You should only be
transferring funds to name companies (e.g. eTrade, Merrill
Lynch). If you don't see them on TV or in the Wall
Street Journal, you should not be comfortable.|
|Listen and don't
follow. Everyone is trying to sell their hottest pick
(or what gets them the biggest commission. Only buy
what you have researched and fits your needs.|
|Don't give away your
personal data (e.g. social security number, credit card)
unless you are dealing with a name company that you have
verified. Websites should have a security feature for
accepting payment online. |
|Only invest with brokers
in your country. Please do not send money to Nigeria!
Invest with name companies only. Check with friends if
you do not know the company name.|
|You did not win a prize
in a lottery or contest that you did not enter. Do not
send money on deposit or for shipping of prizes that you
| We also provide an extensive
store where you can read on past Wall Street frauds as
well as how to protect yourself from investment schemes.
Please note that OldStocks.com
does not sell investments or investment advice. It
is highly recommended that you contact a registered investment
professional for these services. Items sold in
our catalog are cancelled or
obsolete, and only sold as collectible items.
We provide free
estimates on collectible value of your certificates. We
have a large collection of references and databases that provide
past realized prices. Also, our vast knowledge of the
hobby can provide you the latest pricing on any US
certificate. Again, this service is completely free.
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