Question of the week: What is Market Manipulation?
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April 4 – What is Market Manipulation?
NSSC Blog: Before You Invest
Fraudster Friday: Nova Scotia Fraudsters
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So far our Fraudster Friday series have focused on some of the most famous fraudsters in history. You may not have known all the details behind the names Ponzi, Madoff and Bre-X, but most people have heard of them.
Question of the week: What is insider trading?
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Illegal insider trading is the buying or selling of securities while possessing undisclosed material information about a company or fund. This material information could include financial results, operational events, management changes or other information that may impact the price.
Fraudster Friday: Earl Jones
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Bertram Earl Jones ran a Ponzi scheme for decades in Quebec that cost his victims, including members of his own family, a reported $51.3 million Canadian.
In 1979 Jones began his own investment advising business. At the time he did not register with any securities regulator and he never would. Jones would go about offering investment advice and claim to sell securities unregistered for 30 years.
Question of the week: What are Illegal Distributions?
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Illegal distributions refer to the sale of securities, usually shares, that have not complied with securities laws around registration, trading and/or disclosure.
Fraudster Friday: Bre-X Ltd. Gold Fraud
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The Bre-X Minerals Ltd. scandal has all the trappings of a Hollywood story. A fledging minerals company residing in the penny stocks reportedly strikes the largest gold claim in history tucked away in the jungles of Borneo. The gold claim was worth billions and sent Bre’X’s stock value soaring from pennies to hundreds of dollars. In the end it all turned to be fool’s gold, resulting in one the largest stocks scams and cases of mining fraud in Canadian history.
Question of the week: What are some common forms of investment fraud?
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Last year during March we ran an extensive series on investment fraud, outlining common types of investment frauds, the red flags to watch for, and what to do if you think you are a victim of investment fraud. With March being Fraud Prevention Month, it’s the perfect time to deliver a quick review of investment fraud while also pointing you back to some of our older posts.
Investment Fraud Protection Checklist
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March is Fraud Prevention Month, and the Nova Scotia Securities Commission is reminding investors to do their due diligence when investing.
Fraudster Friday: Bernie Madoff
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Bernard Lawrence Madoff perpetrated the largest financial fraud in American History. It is estimated he bilked his 4,800 clients out of $64.8 billion.
Madoff got into the investment industry in 1960 when he founded Bernard L. Madoff Investment Securities LLC. Over the next four decades before his criminal deeds came to light, he was a respected adviser, businessman and philanthropist, and even held the position of chairman with the NASDAQ for many years.
Question of the week: What is market misconduct?
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During Fraud Prevention Month in March we will be taking a closer look at some forms of market misconduct. Not all forms of market misconduct are frauds, but many do, or can be used to commit some kind of investment fraud.