Stay up to date with news releases and notices from the Manitoba Financial Services Agency (MFSA).
Scam artists are clever. Take some time to learn about the common scams that circulate in the financial services sector. Know the ways scam artists will try to take your money. You may be surprised to find out how easy it is.
Protecting oneself from investment fraud involves several key steps.
Step 1:
Conduct thorough research on any potential investment opportunity. This includes:
a. Checking the registration status of a person or company
b. Checking to see if the person or company has been disciplined in Manitoba or in other Canadian jurisdictions.
c. Checking to see if the person, company or product has been cease traded.
d. Reviewing investor alerts issued in Canada.
Step 2:
Be wary of unsolicited offers or high-pressure sales tactics, and to never give out personal or financial information to unknown individuals or companies.
Step 3:
Maintain a healthy skepticism and be mindful of potential red flags of fraud.
