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Oct 31, 2023
Saint John - In recognition of Investor Education Month in October and Financial Literacy Month in November, the Canadian Securities Administrators (CSA) is encouraging all Canadians to prioritize their financial well-being and verify their sources of investment information.
"In our rapidly evolving financial landscape, it is easier than ever to reach the masses through Artificial Intelligence, social media and other digital tools, and anyone can present themselves as a financial expert so it's critical that investors verify the credibility of information sources,” said Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission. “Checking the registration of platforms and individuals offering investment advice is a simple yet important first step investors should take to help protect themselves as they navigate the markets and make investment decisions.”
Investing advice and information is readily accessible online, however not all information is provided by qualified or well-intentioned individuals. The information may be inappropriate for an investor’s personal goals, risk acceptance or financial situation, and at worst have malicious intentions.
To help protect themselves from fraud, investors should verify that the investment professionals, firms and online trading platforms they plan to use are registered in Canada by using the CSA’s National Registration Search. Registration requires individuals, firms and platforms to be qualified to sell securities and to comply with securities laws and requirements, such as risk management, disclosure and client-focused behaviour.
The CSA encourages Canadians to:
Research and evaluate each investment opportunity and be sure you fully understand the asset and risks involved before you invest. For more information about investing and how to protect yourself from fraud, visit the CSA’s Investor Tools webpages.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
For investor inquiries, please contact your local securities regulator.
For Media Inquiries:
Ilana Kelemen Canadian Securities Administrators firstname.lastname@example.org
Marissa Sollows Financial and Consumer Services Commission email@example.com