Before You Invest
As an active member of the Retirement Industry Trust Association (RITA), STRATA Trust Company (STRATA) supports initiatives to help educate investors on how they can better protect their retirement savings against investment fraud and financial scams.
Investor Due Diligence
With a self-directed IRA, it’s important that investors complete their own due diligence on the investments and investment promoters/advisors that they choose to work with – before investing. Below are external links we have compiled with the information, tips and resources to help investors get started.
Proactive Data Security
According to the Federal Trade Commission (FTC), every 14 seconds someone becomes the victim of identity fraud. No one is immune, but you can make it harder for cybercriminals by proactively protecting your personal information online and staying informed about common ways these criminals try to collect your information.
What To Expect From STRATA
One key way to identify the legitimacy of a communication attempt is by familiarizing yourself with the communication methods and security measures of all the financial institutions you associate with. If you are contacted by an organization in a way that isn’t one of that organization’s standard communication methods, that may be an indicator to raise your guard.
STRATA Does Not…
» Call or email for additional clarity as needed to process a transaction ONLY AFTER a request has been made by an account holder.
» Call or text requesting you to share your multifactor authentication information.
» Call, text, or email promoting any type of investment.
We strongly advise that you do not disclose any of your account details or security codes if you receive a call from someone claiming to be from a trusted financial institution. If you do experience this, confirm the caller’s identity by hanging up and calling the organization back using the official phone number listed on their website.
Learn more about what STRATA does to protect your information and what you can do on our Security Policy page.
Do you think you’ve been a victim of fraud?
A majority of fraud victims do not report the incident, but reporting is important because it establishes a foundation for other victims and increases the likelihood of legal and/or criminal action against the fraudsters. USA.gov offers a directory for reporting scams to your local and federal government. In the instance of financial fraud, the SEC encourages you to submit a report directly to their agency as well. Do your part in stopping investment scammers by sharing tips, complaints, and referrals with the appropriate authorities.