Fraud

One-quarter of British Columbians vulnerable to investment fraud

The poll asked British Columbians about their reactions to an investment offer that claimed "guaranteed" returns of 14% to 25% and "no risk."

By Staff |March 6, 2018

2 min read

Industry

ASC orders $345,200 in sanctions for former registrant

An Alberta Securities Commission (ASC) panel has sanctioned a former exempt market dealer for fraud. The regulator ordered Jason Michael Currey to pay a $200,000 administrative penalty and $25,000 in costs of the investigation and hearing, and to remit more than $120,000 in misappropriated funds. Currey, along with the Healthy Retirement Group Inc. (HRG), Sunset […]

By Staff |March 5, 2018

2 min read

Industry

Only half of Canadians take steps to protect against identity theft

53% are taking steps to protect themselves, including managing social media account settings.

By Staff |February 20, 2018

2 min read

Advisor's Edge

How to avoid bad third-party referrals

Offering third-party referrals to clients is generous and helps bolster your value

By Katie Keir |February 17, 2018

4 min read

BCSC issues $300K fine and permanent ban for fraud

A British Columbia Securities Commission panel has fined and permanently banned Lynne Rae Nickford (also known as Lynne Rae Zlotnik) from B.C.’s capital markets for fraud. Nickford is a former registrant and longtime industry professional, says the decision. In August 2017 the panel found that Nickford convinced 13 investors to loan money to or invest […]

By Staff |February 5, 2018

1 min read

In-house counsel can’t blow the whistle: OSC

When it comes to whistleblowers, the OSC wants to make clear that in-house counsel aren’t eligible for rewards. Read: How to blow the whistle The commission has published a proposed change to its whistleblower program, with a 60-day comment period. The whistleblower program already excludes those who obtained information while providing legal services to the […]

By Staff |January 18, 2018

1 min read

SEC cyber unit files charges over Quebec PlexCoin securities

The SEC says in a release that it has obtained an emergency asset freeze to halt an initial coin offering fraud that raised up to US$15 million from thousands of investors since August. The offering falsely promised a 1,354% profit, says the SEC. The commission has filed charges against “a recidivist Quebec securities law violator,” […]

By Staff |December 4, 2017

2 min read

Fraud

One-quarter of British Columbians vulnerable to investment fraud

ASC orders $345,200 in sanctions for former registrant

Only half of Canadians take steps to protect against identity theft

How to avoid bad third-party referrals

BCSC issues $300K fine and permanent ban for fraud

No fraud evident in hacked accounts, says Equifax Canada privacy officer

In-house counsel can’t blow the whistle: OSC

SEC cyber unit files charges over Quebec PlexCoin securities

Remind clients to order credit reports: FCAC

Tell clients to watch for psychic scams