NASAA warns investors to stay alert for financial frauds and imposters dishing out scams this holiday season.
WASHINGTON, D.C. – (November 24, 2025) – As Thanksgiving approaches, the North American Securities Administrators Association (NASAA) reminds investors to be alert for scammers that are setting the table for financial fraud. Don’t let a con artist carve into your savings this holiday season.
According to NASAA’s 2025 Enforcement Report, scams involving digital assets, social media, and impersonation remain among the top threats this year. Artificial intelligence (AI) has made it easier for criminals to cook up convincing deceptions. Fraudsters can clone voices, generate fake videos, and impersonate trusted individuals or institutions, all to mislead victims into sharing personal information, transferring funds, or granting access to accounts or devices. These scams are increasingly sophisticated and can be financially devastating for victims and their loved ones.
“Scammers are serving up more convincing schemes than ever before,” said NASAA President Marni Gibson. “Before you hand over your hard-earned money, take a moment to verify who you’re dealing with. A quick check can keep your savings off the fraudster’s menu.”
NASAA encourages investors to follow these steps to help keep their finances safe.
- Check the ingredients: Always verify that any investment professional or firm is properly registered in your state or province. You can find your regulator here.
- Don’t bite too fast: Be cautious with unsolicited investment offers, especially those shared through social media, texts, or messaging apps.
- Avoid the pressure cooker: If someone’s pushing you to “act now,” that’s a red flag. Real opportunities don’t come with an expiration timer and remember that if it sounds too good to be true, it probably is.
- Pass along the warning: If you suspect a scam or have been the victim of a financial fraud, report it to law enforcement or your state securities regulator.
You can learn more about investment frauds and how to protect yourself by visiting NASAA’s investor education resources center. Follow us on X, Facebook, and LinkedIn for the latest news and alerts.
– NASAA–
About NASAA:
Organized in 1919, the North American Securities Administrators Association (NASAA) is the oldest international organization devoted to investor protection. NASAA is a voluntary association whose membership consists of the securities regulators in the 50 states, the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, the 13 provincial and territorial securities regulators in Canada, and the securities regulator in México. For more information, visit www.nasaa.org.
For More Information:
Fred Baldassaro, Director of Communications
fbaldassaro@nasaa.org | 202-737-0900
Karen Grajales, Manager, Communications and Investor Outreach
kgrajales@nasaa.org | 202-737-0900
