Take Control of Your
Financial Future
What is the New Brunswick Securities
Commission?
Crown Corporation
Established in 2004
Double role
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INVESTMENT ADVISER
RELATIONSHIP
Know who you’re dealing with
Registration
Check your adviser’s registration
– The NBSC can tell you if a firm or individual
is registered in New Brunswick
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What an adviser can’t do for you
Your adviser will not be able to:
Predict the performance of the markets with
certainty
Recommend investments that are always
profitable
Act on vague or general instructions to buy
or sell investments
Meet unrealistic goals or expectations of
profit
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Do I have a complaint?
You may have a complaint if your financial adviser:
is not registered to sell the investments being
recommended;
takes money out of your account, or buys or sells
securities with your money, without first getting your
permission (unless one of the exemptions previously discussed
applies)
switches you from one mutual fund to another when
there is no legitimate reason;
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Do I have a complaint?
does not take reasonable care to see that
your investment request is executed at the
best possible price, given the market
conditions at the time; or
recommends you buy or sell a security that is
unsuitable based on the information
gathered from you in the Know Your Client
form (KYC).
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What the NBSC Can Do
answer general questions about investment
products and services,
tell you if a firm or representative is registered in
New Brunswick,
tell you if an individual or firm has ever been
disciplined by the NBSC,
suggest options for pursuing your complaint and tell
you which organization may be most helpful
enforce compliance with securities legislation, and
act against market misconduct, including removing
from the market those who do not comply with the
law or who cheat investors.
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What the NBSC Can’t Do
undo a transaction,
give advice on an investment,
give legal advice, or
comment on an ongoing investigation.
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AVOIDING &
REPORTING FRAUD
Invest in Knowing More™
Avoid, Recognize, Report
Avoiding a scam before it happens
Recognizing a scam
Types of scams
How you might be approached
See: “Protecting Your Money from Frauds and Scams”
in your kit.
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Avoid – Do a Background Check
Step 1- Check your adviser’s registration
Step 2 - Check for disciplinary action
Step 3 - Check the company’s history
Step 4 - Check the news
Step 5 - Check other search tools
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Recognize - Red Flags of Fraud
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Recognize – Common Scams
Boiler rooms (See: “Boiler Room Scams – Could
you be vulnerable?” in your kit)
Internet Fraud (See: “Investment Fraud and the
Internet” in your kit)
Affinity Fraud
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Recognize – Common Scams
Double Dip
Ponzi
Pyramid
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Why a Ponzi Scam Fails
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Why a Pyramid Scheme Fails
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Reporting Fraud
www.nbsc-cvmnb.ca
1-866-933-2222
See: “Complaints Resource Kit” in your kit
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Remember:
Do a background check
Hang up on unsolicited phone calls
Never respond to spam
Use common sense
Contact us:
1 866 933-2222
www.nbsc-cvmnb.ca
[email protected]
@NBSecuritiesCom
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