- Associated Press - Wednesday, December 10, 2014

PIERRE, S.D. (AP) - South Dakota officials are warning consumers to be careful when examining an investment offer.

The state Division of Securities put out a reminder Tuesday that high-yield investment programs commonly listed in Internet advertisements and social media messages can be too good to be true. The investment programs are advertised as yielding high returns with little risk to the consumer.

The North American Securities Administrators Association says that some key tip offs of potentially problematic investments can include: a company offering to pay fees to consumers for referring other investors, firms using social media to advertise the opportunity or sketchy details on who runs the company offering the investment.


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