CALGARY, Jan. 8 /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 2009.
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 investing. The ASC website, www.albertasecurities.com, has
tools and tips to help investors learn to Check First and ask the
right investing questions before making an investment decision.
Understand your investing risk tolerance and learn about the red flags
of investing in the For Investors section on the ASC site.
- Resolve to make safe investing a family affair. Beware of unsolicited
email messages or "cold callers" who approach you over the phone - no
matter how good the sales pitch sounds. Never give your Social
Insurance Number (SIN), date of birth or credit card numbers to
someone you don't know over the phone and don't rush into any
investment. Go to the Check First section on the ASC site to learn to
ask the right questions about investing and watch our videos to hear
from Alberta investors who were approached over the phone about a
suspicious investment opportunity.
- 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 and find out if there has been
any disciplinary action against the salesperson.
- 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
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