CALGARY, Feb. 28 /CNW/ - To kick-off Fraud Prevention Month in March, the
Canadian Securities Administrators (CSA) is encouraging investors to protect
themselves from investment fraud by asking the right questions before they
"A recent CSA survey indicated that two in five Canadians have been
approached with what they believe to be an investment fraud in the past three
years,"says Jean St-Gelais, Chair of the CSA and President & Chief Executive
Officer of the Autorité des marchés financiers (Québec). "We believe that
investor education is the best defence on how to recognize and avoid
potentially fraudulent investments."
To avoid fraud or making an unsuitable investment, the CSA suggests
everyone should ask these questions before making an investing decision:
- Do you know who you're dealing with?
- Do you know what you're investing in?
- Do you know your investment goals?
- Do you know the red flags that could signal a fraud?
- Do you know who to call for help?
Canadians are encouraged to visit the CSA website at www.csa-acvm.ca, to
learn more about these topics and how they can avoid investment fraud.
Visitors to the site can check out the Investor Information section and
download recently updated investor resources and brochures on topics such as
avoiding frauds and scams and the basics of investing. The site also provides
links to a wealth of other important investing information available by
contacting local provincial and territorial securities regulators.
The CSA is also joining forces with the Fraud Prevention Forum in
promoting March 2008 as Fraud Prevention Month. As a Fraud Prevention Forum
partner, the CSA joins more than 90 private sector firms, consumer and
volunteer groups, and government and law enforcement agencies that are
committed to educating the public and fighting fraud targeted at consumers and
businesses. Throughout the month of March, these organizations will be
involved in a number of national, regional and local activities supporting
The CSA is the council of the securities regulators of Canada's provinces
and territories whose objectives are to improve, coordinate and harmonize
regulation of the Canadian capital markets.
For further information:
For further information: Media relations contacts: Yukon Securities
Registry, Bette Boyd, email@example.com, (867) 667-5225; British Columbia
Securities Commission, Andrew Poon, APoon@bcsc.bc.ca, (604) 899-6880,
1-800-373-6393 (BC & Alberta only), www.bcsc.bc.ca; Securities Registry,
Northwest Territories, Donald MacDougall, firstname.lastname@example.org, (867)
920-8984, www.justice.gov.nt.ca/SecuritiesRegistry; Alberta Securities
Commission, Mark Dickey, email@example.com, (403) 297-4481,
1-877-355-0585 (toll free), www.albertasecurities.com; Nunavut Securities
Registry, Bruce MacAdam, firstname.lastname@example.org, Phone: (867) 975-6586;
Saskatchewan Financial Services Commission, Barbara Shourounis,
email@example.com, (306) 787-5842, www.sfsc.gov.sk.ca; Manitoba
Securities Commission, Ainsley Cunningham, firstname.lastname@example.org, (204)
945-4733, 1-800-655-5244 (Manitoba only); Ontario Securities Commission,
Patricia Trott, (416) 593-8303, 1-877-785-1555 (toll-free in Canada),
www.checkbeforeyouinvest.ca, www.osc.gov.on.ca; Autorité des marchés
financiers, Frédéric Alberro, email@example.com, (514) 395-0558
poste 2176, 1-800-361-5072 (Québec only), www.lautorite.qc.ca; New Brunswick
Securities Commission, Rick Hancox, Rick.firstname.lastname@example.org, (506) 658-3119,
1-866-933-2222 (New Brunswick only), www.nbsc-cvmnb.ca; Nova Scotia Securities
Commission, Chris Pottie, email@example.com, (902) 424-5393,
www.gov.ns.ca/nssc; Department of Attorney General, Prince Edward Island, Mark
Gallant, firstname.lastname@example.org, (902) 368-4552, www.gov.pe.ca/securities;
Financial Services Regulation Division, Newfoundland and Labrador, Doug
Connolly, Connolly@gov.nl.ca, (709) 729-2594, www.gs.gov.nl.ca/cca/fsr