There Ain’t No FREE Lunch!
If your mail boxes and newspapers (like mine) are full of invitations for free investment lunches, you should read this article.
The 40 firms being examined by the SEC over “free lunch” programs are in Florida, California, Arizona, Texas, North Carolina and Alabama, said Richards.
The seminars are often held in local restaurants and hotels, promoted as being hosted by other seniors who may be familiar to local people and seem trustworthy. These pitchmen promote a wide range of products, suitable and otherwise.
Some of the sales materials we’re seeing in these seminars are loaded with exaggerated claims and gimmicks…
