TORONTO – The Canadian Securities Administrators (CSA) warns Canadians about fraudulent “investment groups” promoted on social media like Facebook and Instagram. These groups could be running a scam called a “pump and dump.” How the scam works: Scammers use social media to advertise investment groups promising high returns to would-be investors. They artificially inflate the
Access to reliable investment information is key as nearly a quarter of all investors are confronted by potential scams. Calgary – A national survey commissioned by the Canadian Securities Administrators (CSA) found that 23 per cent of Canadians report encountering possible fraudulent investments, an increase of five percentage points since 2020. “How Canadians research and
CALGARY – Today the Alberta Securities Commission (ASC), the Autorité des marchés financiers (AMF), the B.C. Securities Commission (BCSC) and the Ontario Securities Commission (OSC) are acknowledging World Whistleblower Day, June 23, which is an occasion to commend whistleblowers who take action to expose misconduct, illegal practices and unethical behaviours. Collectively, we recognize the valuable
TORONTO – The Ontario Securities Commission (OSC), the Autorité des marchés financiers (AMF), the B.C. Securities Commission (BCSC), Financial and Consumer Affairs Authority of Saskatchewan (FCAA), the Alberta Securities Commission (ASC) and the Nova Scotia Securities Commission (NSSC) today announced an initiative intended to support capital-raising by early-stage businesses by allowing exempt market dealers (EMDs) to
Calgary – In recognition of World Elder Abuse Awareness Day, the Canadian Securities Administrators (CSA) is urging older adults, and their loved ones, to remain vigilant in the face of growing online financial elder abuse and to remember the importance of naming a Trusted Contact Person (TCP). Canadian seniors are being targeted with sophisticated online
