Commission Launches COVID-19 Investing Information Webpage
The Nova Scotia Securities Commission has launched a new webpage and online video to provide COVID-19 investing information to the public.
The new webpage, which can be found at https://nssc.novascotia.ca/covid19 , compiles all news releases, notices and blanket orders issued to provide relief for a number of individuals or applicants from a regulatory requirement about COVID-19 by the commission, the Canadian Securities Administrators and the North American Securities Administrators Association.
The webpage also houses a new video highlighting the increased prevalence of COVID-19 related investment fraud. While scammers find many angles to perpetrate frauds in uncertain times, the video focuses on specific frauds that securities regulators are warning investors about. They are pump and dump scams, fake emails, texts and phone calls and fake securities trader jobs.
The commission’s COVID-19 investing webpage also has information on stock market volatility and working with an adviser to help investors make informed investment decisions.
Quotes:
“The commission wants to make it as easy as possible for investors, registrants, issuers and other industry members to find COVID-19 investing information in one place. Unfortunately, during uncertain times like the COVID-19 pandemic, fraudsters try to take advantage of investors’ fears to steal their money. We are reminding investors to be vigilant and to heavily scrutinize any investment opportunities that involve COVID-19.”
– David Harrison, investor education and communications officer, Nova Scotia Securities Commission
Additional Resources:
Anyone who believes they have been contacted by someone engaging in investment fraud or fraudulent activities is advised to contact the commission: https://nssc.novascotia.ca/recognize-and-report-scam
Along with the new COVID-19 video, the commission’s YouTube channel has short investor education videos on investment fraud, elder financial abuse and basic investment topics.