Before you leap into that next
"unbelievable" investment opportunity, take some time to check out
both the investment and the person selling it.
Taking time to ask questions about
an investment can help you determine if the opportunity is right for you. Did
you know that one in 20 Canadians is a victim of investment fraud?
Protect yourself and your family
from a scam or an unsuitable investment by following these five steps:
- Know your investment goals
- Know who you're dealing with
- Know what you're investing in
- Know the red flags that could signal a fraud
- Know where to go for help or more information
The Ontario Securities Commission (OSC)
has the tools and resources to help you answer these questions and be a more
Check out the Investors section on www.osc.gov.on.ca
before you invest to find out more information including how to do a background
check on an individual or company, red flags to watch for, and how to make a
complaint if you think you have been scammed. You can also call the OSC toll
free at 1-877-785-1555.
BBB also recommends checking the Business
Review of businesses that you plan to invest with.