Canadian securities regulators caution investors to avoid uninformed investment decisions during market ups and downs



    MONTREAL, Oct. 8 /CNW/ - The Canadian Securities Administrators (CSA) is
kicking off Investor Education month in October by urging investors to take
the time to research any investment opportunity before parting with their
hard-earned money.
    The uncertainty in today's financial markets is on the minds of many
investors who are worried about their savings. With international media
outlets covering current market events, you may also be anxious about your
investments and financial future.
    No matter how you are feeling, it is important to make well-informed
investment decisions in order to ensure you meet your long-term financial
goals. Before you make any investment decision, you may want to talk to a
qualified financial adviser because sudden moves based on media stories or
unsound advice can have devastating consequences on your savings.
    It is also important to remember that fraud artists follow the news too.
These people use current events to design no-risk, high-return investment
pitches to separate you from your hard-earned savings. Remember, if an
investment sounds too good to be true, you need to stop and evaluate the offer
and investigate the person selling it to you.
    "In good or bad times, investors should resist the temptation to make
quick decisions about their investments," says Jean St-Gelais, CSA Chair and
President and Chief Executive Officer of the Autorité des marchés financiers
(Québec). "Taking the time to get more information is always a good idea."
    Investors can find information to help them protect their own interests
and make smarter investment decisions by visiting the Investor Information
section of the CSA website at www.csa-acvm.ca:

    
    -   Check out the CSA's Investor Resources to learn about investment
        terms and concepts. The website includes newly revised brochures and
        three new fact sheets.

    -   Read up on investment fraud and red flags and learn about suspicious
        activity in your marketplace.

    -   Visit your provincial or territorial securities regulator for local
        investor education initiatives and resources.
    

    The CSA, the council of the securities regulators of Canada's provinces
and territories, co-ordinates and harmonizes regulation for the Canadian
capital markets.





For further information:

For further information: For media inquiries: Perry Quinton, Ontario
Securities Commission, (416) 593-2348; Barbara Shourounis, Saskatchewan
Financial Services Commission, (306) 787-5842; Sylvain Théberge, Autorité des
marchés financiers, (514) 940-2176; Ken Gracey, British Columbia Securities
Commission, (604) 899-6577; Natalie MacLellan, Nova Scotia Securities
Commission, (902) 424-8586; Mark Dickey, Alberta Securities Commission, (403)
297-4481; Ainsley Cunningham, Manitoba Securities Commission, (204) 945-4733;
Wendy Connors-Beckett, New Brunswick Securities Commission, (506) 643-7745;
Mark Gallant, Prince Edward Island Office of Attorney General, (902) 368-4552;
Doug Connolly, Financial Services Regulation Division, Newfoundland and
Labrador, (709) 729-2594; Louis Arki, Nunavut Securities Registry, (867)
975-6587; Donn MacDougall, Securities Registry, Northwest Territories, (867)
920-8984; Fred Pretorius, Yukon Securities Office, (867) 667-5225


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