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U.S. Securities and Exchange Commission

Ways to Avoid Cold Callers

Q:††††††† I receive calls almost every day about investment opportunities.† Is there anyway I can stop these people from calling me?†

A:†††††††† These people are, of course, cold callers.† If you want the calls to stop, there are two things you should do.† First, add your phone number to the National Do Not Call Registry.† You can add both home and cell phone numbers.† How?† Either go to donotcall.gov or call the following toll free number:† 1-888-382-1222.† Keep in mind that youíll have to re-register your phone number every five years to stay on the list.†

Then, tell any cold callers to put your name and telephone number on their ďdo not callĒ list.† Will this stop every telemarketing call?† No.† You still may receive calls from political organizations, charities, telephone surveyors, and companies with whom you have an established business relationship.† And a few other exceptions apply.† For example, family members, even long-winded ones, may still call you.

Q:††††††† Does the SEC have jurisdiction over privately-held companies?

A:†††††††† A company does not need to file reports with the SEC unless 1) the company makes a public offering of its stock or other securities or 2) has 500 or more shareholders and $10 million in assets.† However, private companies that are not required to file reports with the SEC may still be subject to its jurisdiction under certain anti-fraud provisions of the securities laws.† Iím Investor Ed and thatís what I know.


We have provided this information as a service to investors.  It is neither 
a legal interpretation nor a statement of SEC policy.  If you have questions concerning the meaning or application of a particular 
law or rule, please consult with an attorney who specializes in securities law.

Modified: 05/29/2007