April 04, 2016 12:00 am | Author: investright
Fraudsters often use newspapers, TV, radio, billboards,
tradeshow booths, and seminars to promote fraudulent investments.
Watch the BC Securities Commission’s new Spot Investment Scams
video illustrating the risks of investing in an investment promotion
without conducting research and due diligence.
If you see an investment ad that intrigues you, take the
time to research the promotion as thoroughly as possible before committing to
it. You should also do a background check on the person selling the investment,
as well as the company they are affiliated with. You can use the Canadian
Securities Administrators’ (CSA) Check
Registration list to ensure that the person is a registered investment
advisor and is registered to sell the advertised investment product.
You can also use the CSA’s Disciplined
List to investigate whether the individual or company have been disciplined
or sanctioned for securities violations.
It is always wise to be suspicious and skeptical of
investment advertisements that offer free gifts, spectacular returns, and
little or no risk.
If you have any questions regarding a potential investment
or have come across a suspicious investment ad, do not hesitate to contact
BCSC’s Inquiries Group at 604-899-6854 or 1-800-373-6392, or by email at firstname.lastname@example.org. You can also
report suspicious activity through BCSC InvestRight’s Report a Scam form.