CSA offers new fraud prevention resources for investors

Securities CSA

Calgary – The Canadian Securities Administrators (CSA) is kicking off Fraud Prevention Month in March by unveiling a number of investing and fraud prevention resources for Canadians.

“The recent economic downturn has created an opportunity for fraud artists to capitalize on investor anxiety” says Jean St-Gelais, Chair of the CSA and President & Chief Executive Officer of the Autorité des marchés financiers (Québec). “The investor tools available on our updated CSA website are designed to help Canadians be vigilant against fraud artists.”

A particular type of investment fraud of which Canadians should be aware of is boiler room scams. The new CSA brochure, Boiler room scams – could you be vulnerable, available on the CSA website, describes:

  • how boiler room scams work and what to watch for;
  • who is vulnerable; and
  • what you can do to protect yourself.

The recently revised CSA website provides investors with a new ‘Avoiding Fraud’ section that includes an online tool to help investors learn how to identify fraud.

The CSA continues to participate as a partner in the Fraud Prevention Forum. Chaired by the Competition Bureau, the Forum works to prevent Canadians from becoming victims of fraud by educating them on how to recognize it, report it and stop it. Throughout the month of March 2009, partners of the Fraud Prevention Forum will be involved in a number of national, regional and local activities supporting fraud prevention.

To find out more about the information and tools the CSA has available to help Canadians identify and avoid fraud, visit the CSA website at: www.securities-administrators.ca This link will open in a new window.

The CSA, the council of securities regulators of Canada’s provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets.

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For more information:

CSA member name

Point of contact

Phone number

Autorité des marchés financiers

Sylvain Théberge

514 940-2176

Alberta Securities Commission

Mark Dickey

403 297-4481

British Columbia Securities Commission

Andy Poon

604 899-6880

Financial Services Regulation Division, Newfoundland and Labrador

Doug Connolly

709 729-2594

Manitoba Securities Commission

Ainsley Cunningham

204 945-4733

New Brunswick Securities Commission

Wendy Connors-Beckett

506 643-7745

Nova Scotia Securities Commission

Natalie MacLellan

902 424-8586

Nunavut Securities Registry

Louis Arki

867 975-6587

Office of the Attorney General, Prince Edward Island

Mark Gallant

902 368-4552

Ontario Securities Commission

Perry Quinton

416 593-2348

Saskatchewan Financial Services Commission

Barbara Shourounis

306 787-5842

Securities Office, Northwest Territories

Donn MacDougall

867 920-8984

Yukon Securities Registry

Fred Pretorius

867 667-5225

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