Caution urged over offers to buy investments.
Investors who receive an unexpected letter offering to buy some of their interests (such as shares or debentures) should be aware of some pitfalls they may face when considering such an offer.
Although it is not illegal to make an unsolicited offer to buy someone's investments, and even to offer to buy them at a price below their current market value, it is against the law to mislead or deceive investors into accepting an offer. The Securities Commission provides guidance for investors on what to consider if they receive this kind of offer.
Further information is on the Securities Commission's website.