Missouri official warns consumers on investor seminars

Missouri Secretary of State Robin Carnahan is warning consumers that investment seminars being promoted in the state may be scams.

Carnahan said Tuesday her office has seen an increase in complaints about wealth enhancement seminars. She says promoters sometimes charge hundreds of dollars for the seminars but give those who attend basic investment advice that isn’t worth the cost.

Carnahan also says organizers sometimes try to sell securities illegally to attendees. She advises calling the secretary of state’s investor protection hot line before attending a seminar to make sure the host company is allowed to sell securities in Missouri.

The hot line number is 1-800-721-7996.

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Online:

Secretary of state’s Investor Protection Center: http://www.missourisafesavings.com/

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