When it comes to reporting investment fraud, that is?
Well, in British Columbia, your best bet is the BC Securities Commission.
Because when it comes to investment fraud, it is often the BCSC that can move rapidly to disrupt, stop and prevent fraud from claiming more victims by ordering a cease-trade in a suspicious investment or freezing assets or issuing an investor alert. It helps if we hear about the misconduct as soon as possible.
That’s a key reason for the ‘Be Fraud Aware’ campaign currently underway in BC as we work to raise awareness about investment fraud and how people can protect themselves through a province-wide communications and marketing campaign. Through advertising on TV, radio, newspapers and online, we are making people aware of the warning signs of fraud and importantly, encouraging them to report to us any suspicious investments that they come across.
So, report any suspicious investments to us at InvestRight.org or if you prefer, by calling our Inquiries group at 604-899-6854 (1-800-373-6393).
Your call can start the enforcement process necessary to stop a fraud.
The publication of this report in advance of Fraud Prevention Month helps Canadians to more easily identify fraudulent approaches and learn how to avoid them. Several fraud prevention tools and resources are available on the CSA’s website.
Time and time again, we find out that a financial advisor who has been caught red handed doing a ponzi scheme has been living a lavish lifestyle. Do you remember Ian Thow? He had a huge house, an airplane, and donated generously to charities on Vancouver Island. Bernie Madoff lived high on the hog too… […]