Speech in support of Fraud Prevention Month
VANCOUVER, March 16, 2016 /CNW/ - In support of Fraud Prevention Month, Brenda Leong, Chair and CEO of the British Columbia Securities Commission (BCSC), will be delivering a short speech cautioning investors not to allow trust to prevent them from taking an active role in their investments.
Research conducted by the BCSC shows that the trust B.C. investors have in their advisors can prevent them from practicing good investor behaviours. For example, 63 per cent of B.C. investors who reported they do not always read their statements said it was because they trust their advisor is taking care of their money. A further 74 per cent said they did not need to ask about compensation because they trust it is fair and reasonable.
Leong will discuss important steps investors should take to protect their financial interests by playing an active role in the investment decisions they make with their advisors.
Leong will also release the BCSC's newest fraud protection video—BeFraudAware, the Two Minute Musical—as part of an interactive event featuring Mark Donnelly, Canadian Anthem singer for the Vancouver Canucks, and David, the fraudster from the Be Fraud Aware commercials.
For more information on Fraud Prevention Month, visit befraudaware.ca/FPM.
Wednesday, March 17, 2016, 11:30 a.m.
Pacific Centre Rotunda
701 West Georgia
Interviews available with
- Brenda Leong, Chair and CEO, BCSC
- Pamela McDonald, Director of Communications & Education, BCSC
SOURCE British Columbia Securities Commission
For further information: Richard Gilhooley, BCSC Media Relations, [email protected], Office: 604-899-6713, Mobile: 778-868-0235