Basics Beginner: Consumer Protection against Fraud

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1.
Telephone scammers assume that people they call will want to be courteous to them on the phone.
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True. This courtesy is part of how they trap innocent people.
2.
When a criminal is required by law to pay back what he or she defrauded you of, that is called _______.
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Restitution. Making restitution is required with regard to numerous federal crimes.
3.
Which of the following will stop payment on your check in the event of identity theft?
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Both of the above. Both will stop payment on your check in the event of identity theft.
4.
When your credit record is harmed by identity theft, you will learn about it right away.
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False. Though in some cases you might, in many others you won't until you try to take out a loan, which can be years down the road.
5.
When shopping online, it is a good idea to make sure there is a _______ at the bottom of the Webpage.
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Padlock icon. The padlock icon is a sign of extra security.
6.
If someone sends you an email claiming to be from a certain organization, it may or may not be legitimate. If it is not legitimate, then it is _______.
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Phishing. Phishing is impersonating an organization in email, over the phone, or via text to persuade you to give out your personal information.
7.
If you are unsure whether a broker is licensed, you should contact _______.
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Your state securities regulator. Brokers are registered at the state level.