Are They Registered?
Check Before You Invest
Being an informed investor is one of your best defences against investment fraud. Although most investment advisers are honest and work in your best interest, you still need to carefully choose who you deal with. Before investing follow these simple steps:
- Check registration
- Check disciplinary history
- Check the news and search the internet
- Check available tools and resources
Why is registration important? Securities industry professionals are required to register with the securities regulator in each province or territory where they do business. Registration helps protect investors because securities regulators will only register firms and individuals if they are properly qualified.
Use the National Registration Search to check if your adviser or firm is registered.
If you have questions about the results, check this guide to understanding registration search results, or contact your local securities regulator.
Keep in mind that, just because an individual or firm is registered doesn’t mean the investment is a good fit for you. Those offering investment opportunities have varying skills, provide a variety of services and likely charge different fees. Ensure the person you’re working with understands your goals and is willing to work with you to meet them. It is important that they assess your current financial and personal situation, your investment objectives and risk tolerance.
If you discover the person or company you are dealing with is not registered, is offering you something they don’t seem permitted to, or if you need help understanding the results of the National Registration Search tool, please contact your local securities regulator.
It takes little time and effort to check the CSA disciplined persons list and cease trade orders database to see if disciplinary decisions or cease trade orders have been issued against individuals and/or firms.
Do an online search and look through news releases for information about an individual or firm. The news can often tell you about unhappy victims, court cases and even rumours that you may want to further investigate. You can also keep up to date with the latest investor alerts from across the country.
The CSA offers several free educational tools and resources for investors, including:
You can also check out these resources from your local securities regulators:
Being an informed investor is your best defence against investment fraud. Share these tips with friends and family, and remember when in doubt, contact your local securities regulator.