The purpose of this research is to investigate the effect of fraud and risk avoidance on investment. This research is an applied research in terms of its nature and descriptive method and in terms of its purpose, and since in the current research the current state of the variables has been analyzed by collecting information through past information, it is in the ranks of descriptive studies. And it is included after the event. In the course of conducting this research, 2 hypotheses were formulated and 130 companies were selected through systematic elimination sampling for a period of 6 years between 1394 and 1399, and the data related to the research variables were collected in Excel software using They were analyzed using Evioz statistical software version 15. The results of the hypothesis test showed that fraud has an adverse effect on investment in companies admitted to the stock exchange. But avoiding risk does not affect the investment in companies listed on the stock exchange.