Date Posted:
Wednesday, November 1, 2017
The Securities and Exchange Commission has issued an alert warning investors not to make investment decisions based solely on celebrity endorsements.
Celebrities, from movie stars to professional athletes, can be found on TV, radio, and social media endorsing a wide variety of products and services – sometimes even including investment opportunities. But a celebrity endorsement does not mean that an investment is legitimate or that it is appropriate for all investors.
It is never a good idea to make an investment decision just because someone famous says a product or service is a good investment.