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First observed by the United Nations on June 15, 2012, World Elder Abuse Awareness Day (WEAAD) recognizes that nearly every country across the globe is experiencing a substantial growth in the number of older persons. With the population of older persons increasing, it unfortunately has led to an increase in the reports of elder abuse.
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Part of the Nova Scotia Securities Commission’s (NSSC) mandate is to help protect Nova Scotians from fraudulent investments and assist them in making informed investment decisions by delivering investor education content and resources.
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June 1st is the beginning of Seniors’ Month. Throughout the month the Nova Scotia Securities Commission will be sharing investor education content relevant to seniors and their families by delivering presentations to seniors’ groups. Here is a closer look at some of the content and presentations we have scheduled.
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By Surbhi Sharma
Before I began working at the Nova Scotia Securities Commission (NSSC), my understanding of securities and investing was fairly basic. I knew the fundamentals of buying and selling stocks, but, working at NSSC provided me a deeper understanding of different types of securities such as stocks, and exchange-traded funds (ETFs), how securities are regulated in Canada and some common crypto frauds that have been on the rise in Nova Scotia.
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By Surbhi Sharma
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Interest rates have been in the news again lately as the Bank of Canada recently announced it will continue to hold rates steady, but may cut rates later this year. Nova Scotians have been in a high interest rate environment for a few years now. If interest rates do begin to decline, what does that mean for investors?
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Earlier this year the U.S. Securities Exchange Commission (SEC) fined two companies for engaging in Artificial Intelligence (AI) Washing. The two companies were fined a combined $400,000 for the making false and misleading statements about their purported use of AI.
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Our latest regulatory review looks at all regulatory releases and notices issued by the Nova Scotia Securities Commission (the Commission) and the Canadian Securities Administrators (CSA) since February. In case you missed any of the releases or notices issued over that time here’s a quick rundown on what they meant for issuers and investors and links to the documents, where you can find the full details.
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Last week our blog looked at what to consider when getting advice from online finfluencers. This week were continuing our look at suspect online advice but this time we’re focusing on artificial intelligence (AI) being used by unregistered firms.
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Whenever you have a question where do you go to find the answer? Most people go online. It could be using Google or another search engine, or a social media site. Younger people are increasingly using social media sites for research purposes, especially TikTok and Instagram. This includes financial advice.