CSA Launches National Registration Search Campaign

You’ve heard it before. Maybe from your dad, a co-worker, or a close friend: “I’ve got a guy.” And, while you may be inclined to use the professional services of someone recommended to you by a friend or relative, Canadian securities regulators are encouraging investors to always check registration before investing money with a financial advisor or firm.

Last week, the Canadian Securities Administrators (CSA) launched a new campaign to promote the importance of checking registration, and recent enhancements to the National Registration Search (NRS) – a free online tool that makes it quick and easy to check the registration of any individual or firm in Canada. Registration ensures advisors and investment firms meet the qualifications required to sell products or offer advice to investors, and knowing the registration status of your advisor is an essential first step toward building a positive working relationship.

The recently simplified NRS tool offers investors a platform to find out if an individual or firm is  registered to give advice and sell securities or manage an investment portfolio, and under what terms or conditions (if any) may apply. NRS also allows investors to find out if a registered individual has been subject to discipline by a Canadian securities regulator (including the BC Securities Commission).   

As part of the campaign currently being promoted online and through social media, the CSA has launched a special website aretheyregistered.ca. The website provides a quick link to the NRS, as well as tools like an advisor checklist to help investors make smarter, more confident investment decisions. 

For more information on the campaign and why registration is important, visit aretheyregistered.ca. To learn more about the Canadian Securities Administrators, visit www.csa-acvm.ca.

Suggested Reading

Test Your Knowledge of Investment Fees

Regulator seeks input from BC investors on new reporting regime

Beware Binary Options Fraud: Canadian Securities Administrators

More Resources

CSA Issues Investor Watch Regarding Foreign Currency Exchange (Forex/FX) Trading

The Canadian Securities Administrators (CSA) today issued an investor watch to make investors aware of the significant risks involved in foreign currency exchange (Forex/FX) investments. Investors who trade Forex are also warned against dealing with unregistered firms offering Forex trading. The investor watch was created after CSA staff identified an increase in unregistered foreign exchange […]

In Your Community – July 2013

BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month Abbotsford Be Fraud Aware seminar July […]