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Canadian Securities Regulators Remind Investors To Do Their Research During Fraud Prevention Month

Canadian Securities Regulators Remind Investors To Do Their Research During Fraud Prevention Month
Date
09/03/2021
The Canadian Securities Administrators (CSA) has launched a digital campaign for Fraud Prevention Month this March to remind Canadians to “get the full picture” before making an investment decision. The bilingual campaign encourages Canadian investors to use the unbiased tools and information available on the CSA’s website to ensure an investment is right for them and to avoid investment fraud.
“We want to arm investors with the knowledge and confidence they need to make informed investment decisions,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Incidences of fraud are on the rise and the best way to protect yourself is to become financially knowledgeable and research every investment opportunity.” ....

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New Brunswickers Fell Victim To More Scams Than Usual In 2020

The Canadian Anti-Fraud Centre (CAFC) says that’s up nearly 30 per cent from the year before.
Unfortunately, the Financial and Consumer Services Commission (FCNB) has reason to believe those numbers could be underrepresented.
Marissa Sollows, director of education and communications with FCNB, says victims are often ashamed to admit they’ve been duped, so they won’t report the crime.
“We want to encourage people not to be embarrassed or afraid to come forward to report a fraud because it does allow us to share the message and share the information with other New Brunswickers to hopefully protect them,” Sollows said. ....

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2020 – Year In Review In Insurance - Insurance

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In 2020, there were numerous changes to regulation of the
insurance sector in Canada, both in response to COVID-19 and in
keeping with regulators long-term plans. This article provides
a recap of some of the major changes that insurance companies and
other industry participants should keep in mind in 2021.
1. REGULATORY CHANGES
Saskatchewan s New Insurance
Legislation
The Insurance Act (Saskatchewan) and its
regulations came into force on January 1, 2020. The new Act created
new licensing categories, new rules regarding fair and unfair
practices, and rules regarding self-evaluative audits. ....

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Quispamsis Man Accused Of Unlicensed Activity

A Quispamsis man is facing allegations of unlicensed real estate, mortgage brokering and investment activity by the Financial and Consumer Services Commission.
FCNB is seeking cease and desist orders as well as financial penalties against John Albert McKellar and 668054 N.B. Ltd.
McKellar is accused of coordinating the sale of two Saint John homes and charging two homeowners $3,000 for his services without a licence.
It is also alleged that he solicited thousands of dollars from a senior on a fixed income to invest in a business.
The commission said it began an investigation after a complaint involving McKellar’s activities in a 2016 real estate transaction. ....

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Small Nuclear Reactor unicorns for Canada

Small Nuclear Reactor unicorns for Canada
nuclear-news.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nuclear-news.net Daily Mail and Mail on Sunday newspapers.

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