March is Fraud Prevention Month

Submitted by nsscadmin on Tue, 03/01/2022 - 09:00

March is Fraud Prevention Month and throughout the month the Nova Scotia Securities Commission will deliver blog posts and videos to educate investors on how to protect themselves from investment fraud.

The Commission’s Before You Invest Blog will be updated every Wednesday throughout the month and include posts on the red flags of investment fraud, checking registration, what to do if you’re a victim of investment fraud, and a guest post written by the Commission’s enforcement office on online fraud risks.

New fraud prevention month videos will be posted to the Commission’s YouTube Channel on Mondays. The three new videos are entitled The Top 3 Investor Threats for 2022, How to Protect Yourself from Investment Fraud, and Be Aware of Non-registered Crypto Trading Platforms.

The Commission will also be sharing fraud prevention tips and content during the month through its social channels on Twitter and LinkedIn. Follow us to keep up with our fraud prevention content and to learn how to protect yourself from investment fraud.

During Fraud Prevention Month , the Commission's Student Connections Program has several presentations lined up to speak to Nova Scotia high school and university students. Commission staff will virtually visiting students in the grade 12 Investment and Finance class at Charles P. Allen High School in Bedford to talk about basic investments and investment fraud. At the post-secondary level, Commission staff will be talking to students from the Dalhousie University Management Society, and attending the SHIFT: Navigating Your Career Journey seminar at Mount Saint Vincent University. If you are interested having Commission staff talk to your class or student organization, please contact us.

Failure to file annual financial statements.
Failure to file interim financial statements.
Failure to file an annual or interim management’s discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP).
Failure to file an Annual Information Form (AIF).
Failure to file a certification of annual or interim filings required by Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109).
Failure to file required proxy materials or a required information circular.
Failure to file an issuer profile supplement on the System for Electronic Disclosure by Insiders (SEDI).
Failure to file a material change report.
Failure to provide a written update after filing a confidential report of a material change.
Failure to file a business acquisition report.
Failure to file annual oil and gas disclosure prescribed by National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities (NI 51-101) or technical reports for a mineral project required under NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Failure to file a mandatory news release.
Failure to file corporate governance disclosure as required by national Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101).
Failure to file audit committee disclosure as required by Multilateral Instrument 52-110 Audit Committees (MI 52-110) or BC Instrument 52-509 Audit Committees.
Failure to include disclosure in an issuer’s MD&A relating to disclosure controls and procedures and their direct effectiveness that is referred to in a certificate filed under MI 52-109.
Financial statements of the reporting issuer, or the auditors’ report accompanying the financial statements, do not comply with the requirements of NI 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) or National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (NI 52-107).
The reporting issuer has acknowledged that its financial statements, or the auditors’ report accompanying the financial statements, may no longer be relied upon.
The reporting issuer’s AIF, MD&A, MRFP, information circular, or business acquisition reports do not contain information for each of the content items required by NI 51-102 or NI 81-106.
The reporting issuer’s technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or 51-101.
Failure to pay a fee required by the Act or the regulations.
Failure to comply with any other requirement related to continuous disclosure.