White: Investigate before investing

November 3, 2009 (CHICAGO) He said investors should check with the Secretary of State's Securities Department in order to avoid scams.

Most reported scams involve dealers or brokers who are not licensed, White said. He said his office can verify whether a dealer or broker is registered with the state. So far this year the securities department has received complaints involving a total of more than $200 million.

A new public service announcement has been produced to get the word out.

Copyright © 2019 WLS-TV. All Rights Reserved.