| Tuesday, July 11, 2006
Nancy Condon (202) 728-8379
Sarah Bohn (202) 728-8988
NASD Alert Warns of Investment Scams Using Fake Regulator Web Sites
Washington, DC — NASD issued an Investor Alert today warning investors to be wary of a new type of stock scam that references phony government regulator Web sites. These unsolicited investment pitches are often ploys to get investors to send money in advance of any service rendered and are mainly targeting non-U.S. investors through e-mail and facsimile.
NASD's Investor Alert, "Dash" Gov Sites Part of Ploy to Dash Off With Your Money, highlights particular investment pitches referencing "official" Web sites that are, in fact, phony. The latest twist involves sites using "-gov.us" in the Web address to resemble the ".gov.xx" designation that official government Web sites outside the U.S. typically use, where "xx" is a 2-letter country code. For example, the Australian Securities & Investments Commission's Web site is www.asic.gov.au. In the U.S., the Web sites of federal agencies all end with ".gov" not "-gov" or "-gov.us." The Alert also explains these fake sites may use "cookies" to track visitors and gather personal information.
"What we are seeing is a new trick to lend legitimacy to money-making 'advance fee' schemes by fraudsters in the international arena," said NASD Senior Executive Vice President Elisse Walter. "It is important that investors—both in the U.S. and abroad—be wary of these investments scams and if they suspect they are being targeted call or e-mail their regulator."
NASD is aware of at least three sites using the -gov.us trick and provides screen captures of each in the Alert:
Additional information on international financial scams is available in a previous NASD Investor Alert, Well-Traveled Fraud-Advance-Fee Scams Target Non-U.S. Investors. To receive NASD's latest Investor Alerts and other important investor information via email, sign up for NASD's Investor News.
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