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.
Last week, we published new research that found 43% of people surveyed did not understand the trade-off between risk and return, which is a basic market principle – the higher an investment’s rate of return, the higher the risk. We know that no risk, guaranteed investments promising high returns are commonly offered by scam artists. […]
Social media tools such as Twitter, Facebook, and LinkedIn are accessible, interactive mediums where dialogue can take place and information shared. These tools can provide benefits for investors looking for information about investing, but it can also provide opportunities for fraudsters looking to promote an investment scheme. Using social media, fraudsters can contact many different […]