VANCOUVER, Oct. 8, 2013 /CNW/ - October is Investor Education Month and
the Canadian Securities Administrators (CSA) is encouraging investors
to make use of free online investor education tools that can help with
finding and working with a registered financial adviser.
This month, the CSA added two new resources to its website to assist investors complete a background check and registration search
- Check Before You Invest and Understanding Registration. The CSA has also refreshed its Working with a Financial Adviser brochure.
"Before investors work with a financial adviser, it is essential that
they do some homework on the adviser's background and registration
status," said Bill Rice, Chair of the CSA and Chair and CEO of the
Alberta Securities Commission. "Investors must do their due diligence
whenever they are considering making an investment with a new financial
adviser, and the CSA resources can help."
The CSA provides a 'check registration' webpage (www.aretheyregistered.ca) where investors can find:
the National Registration Search - an online tool that makes checking
your financial adviser's registration quick and easy;
Understanding Registration - a resource that helps investors understand the results of their search;
Check Before You Invest - a workbook that people can use to record results of their background
Working with a Financial Adviser - an updated brochure that walks investors through the steps they
should take when considering and working with a financial adviser.
Canadians should also watch for investor education tweets throughout
October on @CSA_News for helpful tips and information.
Other brochures and additional information is available on the CSA's
website, www.securities-administrators.ca, in the Investor Tools section.
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 risk,
responsibilities and rewards of investing.
SOURCE: Canadian Securities Administrators
For further information:
British Columbia Securities Commission
Ontario Securities Commission
Autorité des marchés financiers
Alberta Securities Commission
Manitoba Securities Commission
Financial and Consumer Affairs Authority of Saskatchewan
Financial and Consumer Services Commission
Nova Scotia Securities Commission
Office of the Superintendent of Securities
Government of Newfoundland and Labrador
The Office of the Superintendent Securities, P.E.I.
Office of the Yukon Superintendent of Securities
Northwest Territories Securities Office
Nunavut Securities Office