A LIRA is a locked-in retirement account. It is an account which holds locked-in pension funds for former registered pension plan members.
NSSC Blog: Before You Invest
March is Fraud Prevention Month. The Commission will debut four new Fraud Prevention animated videos during the month. Each video will highlight a specific type of investment scam and will showcase scenarios in which our investor John is defrauded and the warning signs he could have recognized. A new video will be posted every Friday throughout March.
Last week we started our look at mutual funds’ series with Series A funds and Series B &C funds. This week we continue with a look at Series D mutual funds. As we noted last week, while the series we are highlighting are the most common types of mutual funds series offered by investment firms, there is no standard by which investment firms must use letter designations for specific mutual fund classes.
One of our readers recently attended a lunch and learn about cryptocurrency. While there, the session organizers and a few of the attendees mentioned “fiat money” several times. Our reader did not know what the term meant and couldn’t understand what it had to do with finance. So, they came to us to find out.
The assets you are allowed to keep upon entering bankruptcy differ from province to province in Canada. What province you reside in does impact bankruptcy and can change your circumstances, so you should always research your province's specific legislation.
Last week in Part I of this topic we looked at what an insider was and what it meant to conduct insider trading.