On Wednesday, CTV’s Lynda Steele featured our Be Fraud Aware campaign on the network’s newscast. The three-minute video is available on the CTV website on a dedicated webpage that features much of the content from the news story.
Pat Bowles, the BCSC’s director of Communication and Education, appears in the piece talking about some of the warning signs of investment fraud, such as high-pressure sales tactics and offshore tax-free investments. Steele also goes over some other indications an investment could be a fraud, and encourage people to do their due diligence when investing.
For anyone who hasn’t seen the story, we suggest you take the time to watch it online. It’s a great introduction to what you should be looking out for, and we hope it encourages more awareness and reporting of fraud.
When you report an investment opportunity that you know or suspect isn’t right, you enable the BCSC to investigate the matter. Many investigations lead to enforcement actions that shut down sham operations and remove those involved from the market.
You can report through our website by simply clicking on the red “Report to us” button on the homepage.
Recently, we opened an investigation and took action against two people after receiving reports through InvestRight’s Report a Scam form. This online tool allows you to report your concerns about possible investment scams anonymously.
We also have an Inquiries Groups who answer calls from the public. You can reach them at 604-899-6854 or 1-800-373-6393.
In November 2012, the British Columbia Securities Commission issued one sanction decision and one settlement agreement. During November 2012, IIROC released one settlement agreement, one liability decision, and one decision rejecting allegations relating to BC registrants. The MFDA released one decision against a BC registrant last month. We’ve included a summary of a […]
February 19, 2008 The news is overflowing with stories about how volatile the markets are these days and that investors will earn less as a result. Fraud artists are always out there. But in times like these, people may be more susceptible to fraudulent promises like ‘guaranteed high returns at no risk’. These sales pitches […]