Tips from Donna Tanoue, chairwoman of the Federal Deposit Insurance Corp., on investment scams exploiting fears that banks won’t be able to handle the Year 2000 date change:
_Don’t give your bank account numbers or other financial information to anyone unless you initiated the conversation.
_Carefully check out any investment offer before you hand over money.
_Report investment scams to the police and to your bank, thrift or credit union.
To prepare for the Year 2000 change, financial regulators advise consumers to:
_Keep at least six months’ worth of bank and brokerage statements on hand, in case a problem develops at the turn of the millennium.
_Ask your broker what his or her firm is doing to remedy the problem and what procedures are in place for potential problems or disputes.
_Ask for a report on Year 2000 readiness from corporations in which you own shares.
_If you manage your investments and personal finances using off-the-shelf money management software, check with the vendor to make sure it is Year 2000 compliant.
_Check with the company that made your computer and its operating system to be sure they are ready.