| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
Beware the 'Next Big Thing' in investing You and Your Monney comments on 1) Marijuana-related Investments. 2) Binary Options. 3) Digital Currency Click on headline for complete story By Kelly May News from the KY Department of Financial Institutions FRANKFORT, KY (13 Nov 2015) - The Department of Financial Institutions (DFI) today issued an advisory reminding investors to be cautious when considering investing in three products recently making news: marijuana-related investments, binary options and digital currency. "What these three very different products have in common is their recent emergence as investments that both sellers and buyers hope will become the 'next big thing,'" said DFI Securities Division Director Shonita Bossier. "We wanted to alert Kentuckians in the event they are approached regarding these types of investments. Before investing, the investor needs to understand what the product is, its benefits and its risks." The advisory, located on DFI's website at http://kfi.ky.gov in the "Breaking News" area, includes information on each of these products, including their risks. Marijuana-related Investments As more jurisdictions clarify their legal definitions on the growth and use of medical and recreational marijuana, an increasing number of companies focused on the marijuana industry are seeking funds from investors. Marijuana investment opportunities could be particularly susceptible to scams, such as a 'pump-and-dump.' In this scheme, the promoters use misinformation to pressure investors to get in on the 'ground floor,' thereby inflating the company's share prices. Then the promoters sell, leaving buyers with worthless shares. "While any investment can be turned into a scam such as a pump-and-dump, the high-profile nature of the marijuana industry at this time may make an investment seem attractive. To avoid becoming a victim, it's important to research any opportunity to make sure it's a legitimate offer," said Bossier. Binary Options A binary option contract is based on the investor's prediction of an underlying security's value at a predetermined date. There are only two possible outcomes: the investor may receive a fixed amount of money for guessing correctly, or lose the entire investment for guessing incorrectly. "Binary options are basic options contracts that more resemble online gambling than a traditional security or investment," Bossier said. Digital Currency Bitcoin and other digital currency remain in the headlines as new exchanges emerge claiming to be licensed and regulated by federal, state or jurisdictional financial authorities. Also, a growing number of brand-name retailers are accepting digital currency as payment for goods and services. "Since different countries and jurisdictions have little uniformity on how Bitcoin and digital currency is regulated, scammers will take advantage of the confusion and contradictions to misinform potential investors," Bossier said. Investigate Before You Invest "The bottom line is that before making any decisions with your money, ask questions, make sure you understand the risks, and check with DFI's Securities Division before you invest," Bossier said. To check out an investment product, or the person selling it, contact DFI's Securities Division toll-free at 800-223-2579 or visit kfi.ky.gov/public/Pages/invest.aspx. DFI is an agency in the Public Protection Cabinet. For more than 100 years it has supervised the financial services industry by examining, chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. DFI's mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence, and encouraging economic opportunities. This story was posted on 2015-11-16 07:58:54
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know. More articles from topic News:
Bevin Transition Office responds to Gov. Beshear Gov. Beshear: Kentucky Can Afford Kynect, Medicaid Expansion ADAIR Band supporters swarm Square - best reception yet ADAIR Band almost to Campbellsville at 1:26pmCT Comment: Past UPcited, angry at education commissioner KY joins E-ZPass - for electronic payment at Louisville Crossings LINK: Story 7 yr old girl found deceased, Allen Co., KY National Champion BOA Class A ADAIR Band expected at 2pmCT Thanksgiving dinner, 22 Nov 2015 at Harrods Fork Baptist Bill Warren & Family sing at Hadley Church, Sun 15 Nov 2015 View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
