Catching a Cold
It happens to all of us
you're just sitting down to
dinner or relaxing with family and the phone rings. On
the other line is a cold caller with an investment offer
you can't refuse. Whether the calls are annoying,
abusive, or downright crooked, you can stop cold callers.
Dishonest brokers may pressure you to buy a bad
investment. Or the investment might be a scam. The law
protects you by requiring cold callers to follow several
Calls must be from 8:00 a.m. to
Cold callers must promptly tell
you their name, their firm's name, and if the
purpose of the call is to sell you an investment.
Callers must add you to their
"do not call" list if you ask them.
Cold callers can't threaten,
intimidate, or use obscene or profane language.
They can't call you repeatedly to annoy, abuse,
or harass you.
If you decide to buy from a cold
caller, do not give your credit union or bank
account information to the broker over the phone.
Legally, they must get your written per mission
before they can take money from your savings or
Don't let violators off the hook! To
complain about abusive cold callers, write down the name
of the caller, the name of the firm, the date and time of
the call or calls, what the caller said to you, and what
you said to the caller. You can send your complaint to
Ohio Division of Securities
77 South High Street
Columbus, Ohio 43215
or call (614) 644-7381.
If you're fed up with phone calls, visit the
Federal Do Not Call
List web site.