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Investor News
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March 7, 2023
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Fraud Prevention Month targets scammers
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More than half a billion dollars was reported lost due to fraud last year. And only 5-10% of frauds are reported. We’re turning the tables on fraudsters with investor education activities during Fraud Prevention Month:
- Register for our Fraud Prevention Month Telephone Townhall on March 7 at 7 p.m. We’ll provide information about scams and answer listener questions.
- Join our Twitter chat on March 9 at 1 p.m. We’ll be using the OSC’s investor education account, @smarter_money. Follow the hashtags #FraudChat and #FPM2023.
- Watch our new videos to remind you to always check before you invest.
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Sharpening fraud detection skills
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Visit our new webpage FraudPreventionMonth.ca. It has consolidated resources about common scams happening in our community. Learn to spot and stop fraud. |
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Seeing through scammers schemes
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Were you promised high returns with no risk? The OSC brings fraud prevention warnings to downtown Toronto with a digital billboard campaign at Yonge Dundas Square. Remember: always check the registration of anyone trying to sell you an investment or give you investment advice. |
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Putting the brakes on emergency scams
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Grandparent scams, or emergency scams, are on the rise. Last year, Ontario victims reported more than $5.4 million in losses. Find out more about these scams and how to avoid them.
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Enhanced expectations for crypto asset trading platforms
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Canadian securities regulators are strengthening oversight of crypto asset trading platforms operating in Canada. The CSA published a notice describing enhanced investor protection commitments it expects from these platforms.
Unregistered crypto asset trading platforms — operating in Canada while pursuing registration with Canadian securities regulators — must provide an enhanced pre-registration undertaking to their principal regulator within 30 days of publication of this notice.
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Good reasons to file your taxes
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It’s that time of year again. Getting your receipts in order may put you one step closer to a tax refund. Check out seven reasons to file your taxes.
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Registration open for OSC Dialogue
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OSC Dialogue: Regulating with Purpose will be an in-person event at the Metro Toronto Convention Centre on Thursday, April 27, 2023. It’s a full-day conference. Business leaders, senior regulators, and international policy experts come together to discuss the risks and opportunities posed by fast-evolving capital markets. Agenda highlights include remarks from the Honourable Peter Bethlenfalvy, Minister of Finance for Ontario.
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Decoding paystub deductions
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It’s nice to see earnings on your pay stub. But sometimes tax deductions can be confusing. Understand more about earnings that are earmarked for taxes.
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Focusing on scams
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Spot fraud warning signs and more.
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Pay down debt or invest?
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Try our calculator to help you decide.
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Regulatory Updates & Initiatives
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Here are some recent developments and publications:
- The CSA is encouraging market participants to prepare for the upcoming cessation of the Canadian Dollar Offered Rate. It’s a domestically important interest rate benchmark that is used by market participants across a wide range of financial products and contracts, including derivatives, bonds and loans.
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Independent finances
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International Women’s Day is a chance to reflect on women’s equality, longevity and financial stability. Generally, women live longer than men. And women may be alone by choice, or due to divorce or death. Managing your finances solo is an essential skill.
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Preventing fraudster mind hacks
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Are you too trusting sometimes? Fraudsters take advantage of our human nature. Find out more about behavioural biases that fraudsters exploit.
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Financial terms you should know: finfluencer
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Scroll through Instagram, TikTok or Facebook and you’re bound to find someone who says they can show you how to be a millionaire. Remember, just because someone has many followers doesn’t mean following their advice is right for you.
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Warnings & Alerts
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Always know the 10 most recent OSC investor warnings and alerts by bookmarking this Fact Card or embedding it on your website or blog. |
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Upcoming events
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OSC in the Community
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OSC in the Community is an outreach program that takes the OSC's regulatory mandate from Bay Street to Main Street. OSC staff travel to communities across Ontario to talk to people about making informed financial decisions and avoiding investment fraud.
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Request an OSC in the Community presentation for your club or organization here. |
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March 9, 2023 Presentation, Peel Region, Elder Help Peel
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March 14, 2023 Webinar, Kanata, Kanata Chinese Seniors
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March 15, 2021 Presentation, Brampton, Mixed Central Peel Probus Club
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Telephone Townhall
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Tuesday March 7 at 7:00 p.m. - Join our Telephone Townhall on protecting Ontarians from investment fraud and scams and get important financial information. OSC staff provide information, answer questions and conduct live polls over the course of one hour. Click here to register. |
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Consultations
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Comments Due: March 8, 2023
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CSA and IIROC are seeking input from investors, industry and the public on the current regulatory framework surrounding short selling in Canada.
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Comments Due: March 17, 2023
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OSCAR’s tip:
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Learn to spot 8 common investment scams. |
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Follow Us
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20 Queen Street West | 22nd Floor | Toronto ON M5H 3S8
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© Ontario Securities Commission 2023
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