Understanding the stock exchange and its purpose – Part 1
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By Surbhi Sharma
NSSC Blog: Before You Invest
Interest rates and investing
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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?
What is AI Washing?
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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.
Regulatory Review: February – April
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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.
Artificial Intelligence and investing
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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.
Finfluencers – Be careful who you get advice from online
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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.
Alerts and Cautions review: January - March
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The principal mandate of the Nova Scotia Securities Commission (NSSC) is to protect Nova Scotia investors. One of the ways we do that is by issuing investor alerts and cautions.
Precious metals scams
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Fraud prevention month may have just ended, but our fraud warnings haven’t. During fraud prevention month the Nova Scotia Securities Commission shared warnings and information about impersonation scams, registered professional crypto trader scams, and fraudulent crypto trading websites. This week we’re warning investors about precious metals investment scams.
There are no registered professional crypto traders
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Throughout Fraud Prevention Month our Before You Invest Blog and social media channels have been sharing information on some prominent investment frauds that have been causing investors to suffer considerable losses. Today we’re focusing on a scheme where scammers claim to be a registered, professional crypto trader.
So, about NovaCrypto
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If you live in Nova Scotia you may have noticed ads recently for an online crypto trading platform called NovaCrypto. Specifically, you may have seen ads like this:
