Announcements
Email Alert
Posted: 5/31/2007
Scottrade is aware of a scam involving a fictitious email that appears to have been sent by Scottrade. This email includes a report on a pink sheet stock and a recommendation to buy. Please note- Scottrade did NOT send this email and does not provide investment advice or recommendations. If you receive a suspicious email such as this from Scottrade please do not reply, simply delete and ignore.
If you have any questions regarding suspicious e-mails or web sites claiming to be from Scottrade, please notify us immediately at 800-619-SAVE.
Below is an example of the email that has been sent.
From: Ophelia@scottrade.com
Subject: Market Usa
Financial Transfer Scams
Posted: 12/19/2006
Financial Transfer Scams are SPAM requests that attempt to convince individuals to move funds via wire and/or ACH from banks and Brokerage firms.
In several instances, the subjects, usually foreign, post online offers on popular Internet sites or by email soliciting assistance from United States citizens. The subjects are allegedly posting ways to make money by facilitating financial transactions with the assistance of a third-party. The foreign subjects state they cannot receive funds from their customers directly because of their location outside of the United States. The foreign subject asks United States citizens to act as a third party to receive funds from victims who have purchased products from the foreign subject. The United States citizen, receiving the funds from the victims, collects a commission or fee, and then wires the proceeds to the foreign subject.
The victim of this SPAM could be with the person whose money you are receiving or yourself with the release of your personal information which leads to Identity Theft.
These solicitations may include but not limited to the following personal information:
- Full Name
- Bank/Brokerage Account Information
- Telephone/Fax number
- Contact Address
- Occupation and Title
- Age
- Education
Scam Alert! - Beware of Fake Scottrade Checks
Posted: 7/27/2006
Scottrade has become aware of a scam using counterfeit Scottrade checks. Anyone (not just Scottrade customers) should be suspicious if they receive a letter in the mail stating that they have won a lottery. In this scam, accompanying the letter is a counterfeit check that appears to be from Scottrade for the consumer to cash. The check is counterfeit! If you are asked to wire money back to anyone after receiving a check that appears to be from Scottrade....Beware! It is a SCAM!
The check supposedly represents an advance of the lottery winnings to pay fees. In order to receive the full amount of the winnings, the individual is supposed to cash the check and then wire a portion of the money back to the company. However, that company never intends to send winnings back, and instead steals the individual's money.
If you receive any mail of this type, DO NOT cash the check. Instead, contact the authorities. Click on "Reporting & Resolving Fraud" at the top of the page to learn what steps you should take and whom you should notify.
Please be cautious when providing others with your personal information. Scottrade will never ask you to disclose personal information (including your Scottrade Account Number or Password), in an unsolicited email, letter or phone call.
New scam targets Scottrade account holders
Posted: 6/7/2006
Scottrade is investigating a scam that attempts to collect Scottrade account holder's sensitive information.
If you are suspicious about any e-mails or web sites claiming to be from Scottrade, please notify us immediately at 800-619-SAVE.
Scottrade will never ask you to disclose your account information, or personal information, in an unsolicited email. If you receive a suspicious email do not reply or click on the link it provides.
Below is a picture of the "phishing" scam Scottrade is investigating. Notice the scam requires you to enter private information. Scottrade's legitimate login process requires you to enter only your account number and password.
You can minimize your risk of becoming a victim of identity theft and fraud by being aware of the popular scams and taking a few easy steps to prevent them from affecting you. Click on the links to the right under "Security Threats" to learn more about common online scams.
If you believe you have been a victim of fraud, click on "Reporting & Resolving Fraud" in the yellow box at the top of the page to learn what steps you should take and whom you should notify.
Your privacy and security are as important to Scottrade as the timely and accurate execution of trades. If you have any questions regarding how to protect your Scottrade account, please do not hesitate to contact your local Scottrade Branch Office.