For Immediate Release
February 28, 2008

Learn How to Avoid Investment Scams During Fraud Prevention Month

Calgary – To kick-off Fraud Prevention Month in March, the Canadian Securities Administrators (CSA) is encouraging investors to protect themselves from investment fraud by asking the right questions before they invest.

“A recent CSA survey indicated that two in five Canadians have been approached with what they believe to be an investment fraud in the past three years,”says Jean St-Gelais, Chair of the CSA and President & Chief Executive Officer of the Autorité des marchés financiers (Québec). “We believe that investor education is the best defence on how to recognize and avoid potentially fraudulent investments.”

To avoid fraud or making an unsuitable investment, the CSA suggests everyone should ask these questions before making an investing decision:

  • Do you know who you’re dealing with?
  • Do you know what you’re investing in?
  • Do you know your investment goals?
  • Do you know the red flags that could signal a fraud?
  • Do you know who to call for help?

Canadians are encouraged to visit the CSA website at www.csa-acvm.ca, to learn more about these topics and how they can avoid investment fraud. Visitors to the site can check out the Investor Information section and download recently updated investor resources and brochures on topics such as avoiding frauds and scams and the basics of investing. The site also provides links to a wealth of other important investing information available by contacting local provincial and territorial securities regulators.

The CSA is also joining forces with the Fraud Prevention Forum in promoting March 2008 as Fraud Prevention Month. As a Fraud Prevention Forum partner, the CSA joins more than 90 private sector firms, consumer and volunteer groups, and government and law enforcement agencies that are committed to educating the public and fighting fraud targeted at consumers and businesses. Throughout the month of March, these organizations will be involved in a number of national, regional and local activities supporting fraud prevention.

The CSA is the council of the securities regulators of Canada's provinces and territories whose objectives are to improve, coordinate and harmonize regulation of the Canadian capital markets.

Media relations contacts:

Yukon Securities Registry
Bette Boyd
bette.boyd@gov.yk.ca
867-667-5225
British Columbia Securities Commission
Andrew Poon
APoon@bcsc.bc.ca
604-899-6880
1-800-373-6393 (BC & Alberta only)
www.bcsc.bc.ca
Securities Registry
Northwest Territories
Donald MacDougall
donald_macdougall@gov.nt.ca
867-920-8984
www.justice.gov.nt.ca/SecuritiesRegistry
Alberta Securities Commission
Mark Dickey
mark.dickey@seccom.zab.ca
(403) 297-4481
1-877-355-0585 (toll free)
www.albertasecurities.com
Nunavut Securities Registry
Bruce MacAdam
bmacadam@gov.nu.ca
867-975-6586

Saskatchewan Financial Services Commission
Barbara Shourounis
bshourounis@sfsc.gov.sk.ca
306-787-5842
www.sfsc.gov.sk.ca

Manitoba Securities Commission
Ainsley Cunningham
aicunningh@gov.mb.ca
204-945-4733
1-800-655-5244 (Manitoba only)
www.msc.gov.mb.ca
Ontario Securities Commission
Patricia Trott
416-593-8303
1-877-785-1555 (toll-free in Canada)
www.checkbeforeyouinvest.ca
www.osc.gov.on.ca

Autorité des marchés financiers
Frédéric Alberro
frederic.alberro@lautorite.qc.ca
514-395-0558 poste 2176
1-800-361-5072 (Québec only)
www.lautorite.qc.ca

New Brunswick Securities Commission
Rick Hancox
Rick.hancox@nbsc-cvmnb.ca
506-658-3119
1-866-933-2222 (New Brunswick only)
www.nbsc-cvmnb.ca

Nova Scotia Securities Commission
Chris Pottie
pottiec@gov.ns.ca
902-424-5393
www.gov.ns.ca/nssc
Department of Attorney General
Prince Edward Island
Mark Gallant
mlgallant@gov.pe.ca
902-368-4552
www.gov.pe.ca/securities
Financial Services Regulation Division
Newfoundland and Labrador
Doug Connolly
Connolly@gov.nl.ca
709-729-2594
www.gov.nl.ca/scon