We have developed a series of six animated videos to explain some popular and important investor education topics. These videos are now available on our YouTube page (albertasecurities) to help you learn about different types of scams that you could be approached with and ways to help you recognize and avoid investment fraud.
One video in particular that is especially important for Albertans to view is "Are you a pump and dump enabler?" Albertans are being approached by individuals to have their name used in a “business deal” as a shareholder or official for a public company. Some are being offered money to participate and doing so usually involves very little work aside from signing papers and pretending to be involved with the company. Yet, what most people are unaware of is that you could be in serious trouble with the law if you agree to participate. Many of these companies turn out to be fraudulent, and when they are uncovered, your name will be attached to the scam forever – you’ve enabled a pump and dump scheme – even if you’ve done so unwittingly. By watching the video, you can learn how to recognize this type of scam, and others, and help protect yourself from fraud.
Alberta Securities Commission YouTube channel