Learn to avoid crypto fraud and more during Fraud Prevention Month

Fraudsters are always learning new tricks to get your money. March is Fraud Prevention Month when we put the spotlight on fraudsters’ tactics. For example, you may be curious about crypto currencies. There are ads and news stories everywhere. But despite the hype, remember buyer beware. Learn to spot the red flags of crypto fraud.

Connect with fraud prevention resources

The OSC is hosting a few events during Fraud Prevention Month to help you Get Smarter About Fraud. Join our Twitter chat on March 3 at 1 p.m. We’ll be using the OSC’s investor education account, @smarter_money. Follow the hashtags #FraudChat and #FPM2022.  

And register today for our telephone townhall on March 9 at 7 p.m. We’ll provide information, answer questions and conduct live polls over the one-hour event to help you Get Smarter About Fraud. Find more of our upcoming events further below.

We have created resources to assist advisors and firms with addressing the needs of older and vulnerable investors. Firms can adapt, brand and distribute our free educational resources to their representatives. Many topics are covered including identifying and responding to signs of financial exploitation.

Steering clear of online fraudsters 

Your social media channels may help you stay connected with friends, but they can also connect you to fraudsters. Find out about the risks of relying on investing information posted on social media.

You don’t have to be a child’s parent to open a Registered Education Savings Plan (RESP). RESPs hold savings for a child’s education after high school. Parents often open RESPs for their own children, but anyone can start an RESP for any child.

Tax time tips

It’s getting closer to tax time. While you get your documents in order, it’s important to make sure you’re getting ready to report accurate information. Read our five common mistakes to avoid.

Avoiding affinity fraud

An Ontario man pleaded guilty recently to fraud and money laundering for his involvement in a $48-million Ponzi scheme. He lured people to invest in a device for retail stores that did not actually exist. A Ponzi or pyramid scheme is a common type of affinity fraud. Find out how to avoid becoming a victim of affinity fraud.

Apply to join the Investor Advisory Panel

The OSC is inviting applications for membership on its independent Investor Advisory Panel (IAP), which provides an investor perspective on policy, rule-making and other regulatory initiatives. The IAP is an important voice for investors in the regulatory process. New members will be selected to ensure that the panel continues to represent a broad range of relevant experience, skills, knowledge and perspectives. Apply by Thursday March 3.

Regulatory Updates & Initiatives

Here are some recent developments and publications:

• The Ontario Securities Commission is pleased to announce the new roster of mediators serving in the Enforcement Branch’s Mediation Program.

Warnings & Alerts

Upcoming events