## Beware of Fake ASIC Branding: Protect Yourself from Investment Scams
As digital marketers, we recognize the importance of safeguarding our online communities from fraudulent activities. Recently, the Australian Securities and Investments Commission (ASIC) has issued a warning about scams misusing its logo on social media platforms. Here are key points to help you stay vigilant:
### Fake ASIC Branding
Scammers have been exploiting ASIC’s logo to promote fraudulent investments and stock market trading courses online. These scams falsely claim endorsement or sponsorship from ASIC. It’s crucial to note that ASIC does not endorse any investment training or platforms. Always verify sources before engaging with investment opportunities.
### Cold Calling
Beware of unsolicited calls about investments or refunds, especially if they claim to be from ASIC. ASIC does not make cold calls to consumers regarding investments. If you receive such a call, it’s likely a scam.
### Telegram Impersonation
Scammers are also impersonating ASIC on Telegram. These impersonators may request payments for trading taxes or the release of investment funds. ASIC does not operate a Telegram account and will never request money in this manner. Be skeptical of any such communications.
### How to Identify Fake Ads
To protect yourself from falling victim to these scams, be proactive:
1. **Verify ASIC’s Official Accounts**: Always check ASIC’s official social media accounts for any warnings or updates.
2. **Examine Social Media Handles**: Ensure that the handles are legitimate and not newly created, which can be a red flag for scams.
3. **Stay Informed**: Regularly update yourself on common scam tactics and remain skeptical of unsolicited investment offers.
### What to Do if Scammed
If you suspect you’ve been scammed:
1. **Cease Payment**: Stop sending money immediately.
2. **Block the Scammer**: Cut off all communication with the scammer.
3. **Report the Scam**: Inform your financial institution and report the incident to the appropriate authorities.
ASIC is collaborating with the National Anti-Scam Centre and social media platforms to combat these fraudulent activities and protect consumers. Staying informed and cautious is your best defense against these scams. Prioritize verifying information and maintain a healthy skepticism toward unsolicited investment opportunities.
