CALGARY, Jan. 4 /CNW/ - With the new calendar year, the Alberta
Securities Commission (ASC) is offering some tips and resolutions for those
who want to avoid unhealthy investment decisions in 2008.
The ASC suggests that people commit to some investing resolutions that
will help them protect their money now and throughout the year:
- Resolve to Check First. Everyone is busy but investors should find
time to research any investment opportunity - and those who offer
them - before considering an investment. The ASC website,
www.albertasecurities.com, has tools and tips to help investors learn
to Check First and ask the right investing questions.
- Resolve to make safe investing a family affair. Develop good habits
of never giving your Social Insurance Number (SIN), date of birth or
credit card numbers in response to unsolicited email messages or
"cold callers" over the phone - no matter how good the sales pitch
sounds. Understand your investing risk tolerance and learn about the
red flags of investing in the For Investors section on the ASC site.
- Resolve to do a background check on your broker or investment adviser
before investing. Visit www.albertasecurities.com to learn more about
the salesperson and the investment product being offered for sale.
Learn how to conduct a background check including how to see if there
has been any disciplinary action.
- Resolve to fight investment fraud. Make fraud prevention and
detection part of your routine. If you've been a victim or suspect
you may be involved in an investing scam, visit our website to find
out how to make an inquiry or a complaint. You may also wish to
contact your local Better Business Bureau or victim assistance unit
with your local police.
Investors can learn to Check First and protect their money at
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.
For further information:
For further information: For Media Inquiries: Mark Dickey, Senior
Communications Advisor, (403) 297-4481, firstname.lastname@example.org; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488