March is Fraud Prevention Month and the Canadian Securities Administrators (CSA) are encouraging investors to research investments when making any investing decisions during Fraud Prevention Month. The CSA recommends that investors follow these three easy steps:
- 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 interface 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.
- Check available tools and resources that the CSA offers to assist investors 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.
- Check the news and search online to see if there are any news releases, investor alerts or other information about the company or person.
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, investors can follow the hashtag #FPM2016 or tweets from @CSA_News for additional helpful tips and information on being a smart investor and preventing fraud.
To learn more about the Canadian Securities Administrators, visit https://www.securities-administrators.ca/.
Never be afraid to ask questions