Submitted by nsscadmin on
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.
Submitted by nsscadmin on
March is Fraud Prevention Month, and the Nova Scotia Securities Commission is reminding investors to do their due diligence when investing.
Submitted by nsscadmin on
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.
Submitted by nsscadmin on
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.
Submitted by nsscadmin on
Arguably the most infamous fraudster in history, everyone knows the name Charles Ponzi. They may know the name, but that doesn’t mean they know the story behind the man who swindled thousands of people out of $20 million in the 1920s.
Originally born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi in Italy in 1882, Charles Ponzi, an Italian immigrant, lived in Boston in 1919 when he stumbled upon a money-making investment scheme: international reply coupons.
Submitted by nsscadmin on
March is Fraud Prevention Month! All month long we will be sharing special content on investment fraud. This will include our regular Question of the Week posts every Wednesday, as well as a special series on Friday, we’re calling Fraudster Fridays. Every Friday we’ll be sharing the story of a famous investment fraud, how they scammed their victims and how you can hopefully avoid falling prey to the next big scam artist.
Submitted by nsscadmin on
In last week’s question of the week blog post we mentioned the term accredited investor. That left some of our readers scratching their heads, because they didn’t know what an accredited investor was.
Submitted by nsscadmin on
In the news last week, a Canadian company announced a private placement offering. That led to the question, what is that exactly? A private placement offering is a way for a company (public or private) to raise capital. However, it differs from a regular public offering where securities are made available for sale in the open market to any type of investor, typically through a stock exchange for common shares.
Submitted by nsscadmin on
Last week we answered the question, “What is active management” which ultimately led to another question – What is passive management?
Submitted by nsscadmin on
Active management is an investment strategy where an investment manager makes specific investments in an effort to outperform an investment benchmark or market index, such as the TSX or S&P 500. If you hear of an investor or an investment manager trying to “beat the market” they are using active management to try and obtain better than market-average returns.