Canadian Securities Administrators announce March 26 as Check Registration Day

ST. JOHN'S, March 25, 2013 /CNW Telbec/ - March 26, 2013 is Check Registration Day, and the Canadian Securities Administrators (CSA) is encouraging investors to take the time to complete a simple task - check the registration of any firm or individual selling securities or offering investment advice to you, your friends or family.

The CSA has provided investors with a tool, the National Registration Search, that is quick and easy to use.

"Registration is designed to help protect investors because Canadian securities regulators will only register firms and individuals that meet specific qualifications and standards," said Bill Rice, Chair of the CSA and Chair and CEO of the Alberta Securities Commission. "It's important for investors to know that they can find some protection by doing a little bit of research into the registration status of those offering them an investment."

Research from the CSA 2012 Investor Index found that 60 per cent of respondents with a financial adviser had never completed any form of background check. With almost 30 per cent of Canadians believing they have been approached with an investment fraud at some point in their lives and with 4.6 per cent believing they have been a victim of investment fraud, Canadians need to carefully choose who they hand over their money to.

The CSA is encouraging investors nationwide to participate in Check Registration Day, March 26, 2013. Here's how:

If you discover the person or company you are dealing with is not registered, is offering you something they don't seem permitted to offer, or if you need help understanding the results within the National Registration Search tool, please contact your local securities regulator.

The CSA, the council of securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. Their mandate is to protect investors from unfair or fraudulent practices through regulation of the securities industry. Part of this protection is educating investors about the risks and responsibilities of investing.


For more information:

Mark Dickey
Alberta Securities Commission
403-297-4481
    Carolyn Shaw-Rimmington
Ontario Securities Commission
416-593-2361
       
Sylvain Théberge
Autorité des marchés financiers
514-940-2176
    Richard Gilhooley
British Columbia Securities Commission
604-899-6713
       
Ainsley Cunningham
Manitoba Securities Commission
204-945-4733
    Wendy Connors-Beckett
New Brunswick Securities Commission
506-643-7745
       
Tanya Wiltshire
Nova Scotia Securities Commission
902-424-8586
    Glenys Wood
Financial and Consumer Affairs
Authority of Saskatchewan
306-787-9397
       
Janice Callbeck
The Office of the Superintendent
Securities, P.E.I.
902-368-6288
    Craig Whalen
Office of the Superintendent of Securities
Government of Newfoundland and Labrador
709-729-5661
       
Rhonda Horte
Office of the Yukon Superintendent
of Securities
867-667-5466
    Louis Arki
Nunavut Securities Office
867-975-6587
       
Donn MacDougall
Northwest Territories Securities Office
867-920-8984
   
 
       

 

SOURCE: Autorité des marchés financiers

For further information:

Mark Dickey
Alberta Securities Commission
403-297-4481

Carolyn Shaw-Rimmington
Ontario Securities Commission
416-593-2361

Sylvain Théberge
Autorité des marchés financiers
514-940-2176

Richard Gilhooley
British Columbia Securities Commission
604-899-6713

Ainsley Cunningham
Manitoba Securities Commission
204-945-4733

Wendy Connors-Beckett
New Brunswick Securities Commission
506-643-7745

Tanya Wiltshire
Nova Scotia Securities Commission
902-424-8586

Glenys Wood
Financial and Consumer Affairs
Authority of Saskatchewan
306-787-9397

Janice Callbeck
The Office of the Superintendent
Securities, P.E.I.
902-368-6288

Craig Whalen
Office of the Superintendent of Securities
Government of Newfoundland and Labrador
709-729-5661

Rhonda Horte
Office of the Yukon Superintendent
of Securities
867-667-5466

Louis Arki
Nunavut Securities Office
867-975-6587

Donn MacDougall
Northwest Territories Securities
Office
867-920-8984


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