A roller coaster stock market could push some Missourians to look to other places to invest their money. And, some shady dealers are banking on that. Secretary of State Matt Blunt says all of the turmoil in the stockmarket could prompt scam artists to use a ploy which says scammers’ investment is removed from Wall Street. Blunt warns if an investment sounds too good to be true – an extremely high rate of return, a large percentage of ownership, and no risk – it probably is too good to be true. He says Missourians can check with his office to see if someone who solicits investments is registered. Blunt says making sure a seller is registered to operate in the state does not guarantee the investment will make money, but it does give certain assurances the deal is legitimate. He does point out the vast majority ofsecurities sellers in Missouri are on the up and up.
