With the new calendar year, the Alberta Securities Commission (ASC) is offering some tips and resolutions for those who want to avoid unhealthy investment decisions in 2009.
The ASC suggests that people commit to some investing resolutions that will help them protect their money now and throughout the year:
- Resolve to Check First. Everyone is busy but investors should find time to research any investment opportunity – and those who offer them – before investing. The ASC website, www.albertasecurities.com, has tools and tips to help investors learn to Check First and ask the right investing questions before making an investment decision. Understand your investing risk tolerance and learn about the red flags of investing in the For Investors section on the ASC site.
- Resolve to make healthy investing a family affair. Beware of unsolicited email messages or “cold callers” who approach you over the phone – no matter how good the sales pitch sounds. Never give your Social Insurance Number (SIN), date of birth or credit card numbers to someone you don’t know over the phone and don’t rush into any investment. Go to the Check First section on the ASC site to learn to ask the right questions about investing and watch our videos to hear from Alberta investors who were approached over the phone about a suspicious investment opportunity.
- Resolve to do a background check on your broker or investment adviser before investing. Visit www.albertasecurities.com to learn more about the salesperson and the investment product being offered for sale. Learn how to conduct a background check and find out if there has been any disciplinary action against the salesperson.
- Resolve to fight investment fraud. Make fraud prevention and detection part of your routine. If you’ve been a victim or suspect you may be involved in an investing scam, visit our website to find out how to make an inquiry or a complaint. You may also wish to contact your local Better Business Bureau or victim assistance unit with your local police.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
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For further information please contact:
For Media Inquiries: Mark Dickey
Senior Communications Advisor
For Investor Inquiries: ASC Public Inquiries
Toll Free 1.877.355.4488