April 2, 2002
For Immediate Release

Securities regulators kick-off National Investor Education Month

Vancouver -- April is National Investor Education Month and Canada's securities regulators have launched countrywide campaigns to help Canadians -- in particular, youth and seniors -- become more careful investors.

"With accurate financial materials so much a concern these days, investors need information that they can trust, delivered in ways that they can easily relate to," said Doug Hyndman, Chair of the Canadian Securities Administrators (CSA), the umbrella organization representing the 13 provincial and territorial securities commissions.

"We have found that youth like financial information and issues delivered by their peers," said Hyndman, "while seniors appreciate concrete examples and tips on what to watch for in making their investment decisions."

The CSA has launched three major national initiatives for April:

  1. It has joined forces with Scouts Canada to promote investor education to Scouts across the country. In this program, boys and girls can earn a crest by learning about various aspects of investing. Activities include interviewing a financial professional, creating a poster that outlines a specific investment, and choosing, researching and tracking a specific stock.

  2. The CSA has renewed its partnership for a second year with the weekly television program Street Cents. The award-winning show, now in its 13th season on CBC-TV, features youth talking to youth about issues important to them. The CSA has collaborated with Street Cents producers on a segment warning kids and teenagers about online investment scams. The segment, scheduled to air on May 13, 2002, will be immediately followed by an online chat featuring securities investigators across Canada discussing the issue and answering viewers' questions.

  3. The CSA has produced a comprehensive brochure, Protecting your finances: How to avoid investment frauds and scams, aimed at identifying and warning about investment scams that frequently target seniors. The full-colour publication gives examples of how fraudsters gain the trust of their victims and provides useful tips on how to avoid being scammed. It also tells people what they should do if they have a complaint about a financial investment they have made and some of the more popular investment scams such as affinity fraud, Ponzi schemes, viatical settlements and prime bank schemes.

In addition to the national campaign, securities regulators in each province and territory have organized investor education events and seminars for investors in their locale.

For investor information or details about National Investor Education Month activities, visit the CSA's website at www.csa-acvm.ca or the following commission websites or contact your local securities regulator.

Alberta Securities Commission
Contact: Joni Delaurier

B.C. Securities Commission
Contact: Andrew Poon
1-800-373-6393 (B.C. & Alberta only)

Manitoba Securities Commission
Contact: Ainsley Cunningham
1-800-655-5244 (Manitoba only)

N.B. Securities Administration Branch
Contact: Christina Taylor
1-866-933-2222 (N.B. only)

Ontario Securities Commission
Contact: Terri Williams
1-877-785-1555 (Toll-free Canada wide)

Commission des valeurs mobilières du Québec
Contact: Patrice Bourgoin
514-940-2199, ext. 4434
1-800-361-5072 (Quebec only)

Securities & Corporate Registries,
Government of the Northwest Territories
Contact: Tony Wong

Securities Commission of Newfoundland and Labrador
Contact: Susan W. Powell

Nova Scotia Securities Commission
Contact: Nick Pittas