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On February 1, 2026, the Maryland Securities Commission issued a warning to investors about a potential investment scam that has been targeting residents in the state. The scam, which involves promising high returns on investments with little to no risk, has already defrauded several individuals out of thousands of dollars.According to the Commission, the scam operates by luring in investors through cold calls, unsolicited emails, or social media ads that promise guaranteed returns on investments in foreign currencies, cryptocurrencies, or other high-risk assets. Once the victim invests their money, the scam artists disappear with the funds, leaving the investor with nothing to show for their investment.Maryland Securities Commissioner, Sarah Johnson, urged residents to be cautious when approached with investment opportunities that seem too good to be true. She emphasized the importance of conducting thorough research on any investment opportunity and verifying the legitimacy of the individual or company offering the investment.In addition to warning residents about the investment scam, the Commission also provided tips for avoiding falling victim to investment fraud. These tips include:1. Be wary of investments that promise high returns with little to no risk.2. Verify the credentials of individuals or companies offering investment opportunities.3. Research the investment thoroughly and seek advice from a financial advisor before investing.4. Never make investment decisions based solely on pressure or urgency from the person offering the investment.The Commission is working with law enforcement officials to track down the perpetrators of the scam and prosecute them to the fullest extent of the law. In the meantime, they urge residents to remain vigilant and report any suspicious investment opportunities to the Commission immediately.As cases of investment scams continue to rise in Maryland and across the country, it is crucial for investors to be educated and aware of the warning signs of fraud. By staying informed and following the Commission's advice, residents can protect themselves from falling victim to investment scams and preserve their hard-earned money.