March is Fraud Prevention Month: Three steps to protect yourself from investment fraud

TORONTO, March 4, 2016 /CNW/ - March is Fraud Prevention Month and the Canadian Securities Administrators (CSA) are encouraging the public to research investments when making any investing decisions. The CSA recommend that investors follow these three easy steps:

  1. Check registration and any disciplinary information of the person or company selling or advising about securities. The CSA National Registration Search (NRS) is a simple, free and recently updated tool that investors can use to check registration, categories of registration and any disciplinary information about registrants all in one place.

    The CSA recently redesigned the NRS webpage to help investors check an adviser's current registration more quickly and easily. Since January, the CSA has been promoting the use of the NRS tool with an online advertising campaign. 

  2. Check available tools and resources that the CSA offers to assist the public in learning how to protect their investments. Investors can make informed decisions if they learn how to identify the red flags of investing and use important sources of information such as the CSA Disciplined List and Cease Trade Orders database.

  3. Check the news and search online to see if there are any news releases, investor alerts or other information about the company or person.

"CSA investor education tools and resources are designed to help Canadians to be informed investors, which is one of the best defences against investment fraud," said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers. "The CSA is here to help investors protect their money and learn how to avoid investment fraud. It starts with checking the registration of the person or company selling or advising you about investment products."

The CSA invites investors across Canada to participate in the annual Check Registration Day on Wednesday, March 16, 2016. Checking registration is easy and a great step to take in preventing investment fraud. During Fraud Prevention Month, follow the hashtag #FPM2016 or tweets from @CSA_News for additional helpful tips and information on being a smart investor and preventing fraud.

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

For more information:

Kristen Rose

Mark Dickey

Ontario Securities Commission

Alberta Securities Commission

416-593-2336

403-297-4481



Richard Gilhooley

Sylvain Théberge

British Columbia Securities Commission

Autorité des marchés financiers

604-899-6713

514-940-2176 



Ainsley Cunningham

Andrew Nicholson

Manitoba Securities Commission

Financial and Consumer Services

204-945-4733

Commission, New Brunswick

506-658-3021




Tanya Wiltshire

Janice Callbeck          

Nova Scotia Securities Commission

Office of the Superintendent of Securities    

902-424-8586

P.E.I.


902-368-6288 



John O'Brien

Rhonda Horte

Office of the Superintendent of Securities

Office of the Yukon Superintendent of

Newfoundland and Labrador

Securities        

709-729-4909

867-667-5466



Jeff Mason

Tom Hall

Nunavut Securities Office

Northwest Territories

867-975-6591

Securities Office


867-767-9305



Shannon McMillan


Financial and Consumer Affairs


Authority of Saskatchewan


306-798-4160


SOURCE Canadian Securities Administrators

For further information: Kristen Rose, Ontario Securities Commission, 416-593-2336; Richard Gilhooley, British Columbia Securities Commission, 604-899-6713; Ainsley Cunningham, Manitoba Securities Commission, 204-945-4733; Tanya Wiltshire, Nova Scotia Securities Commission, 902-424-8586; John O'Brien, Office of the Superintendent of Securities, Newfoundland and Labrador, 709-729-4909; Jeff Mason, Nunavut Securities Office, 867-975-6591; Shannon McMillan, Financial and Consumer Affairs Authority of Saskatchewan, 306-798-4160; Mark Dickey, Alberta Securities Commission, 403-297-4481;Sylvain Théberge, Autorité des marchés financiers, 514-940-2176; Andrew Nicholson, Financial and Consumer Services Commission, New Brunswick, 506-658-3021; Janice Callbeck, Office of the Superintendent of Securities,P.E.I., 902-368-6288; Rhonda Horte, Office of the Yukon Superintendent of Securities, 867-667-5466; Tom Hall,Northwest Territories Securities Office, 867-767-9305


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