NSSC Blog: Before You Invest

Question of the week: What is an Initial Coin Offering and is it a security?

Initial Coin Offerings (ICOs) using cryptocurrencies are a new way for businesses to raise capital.

Cryptocurrencies are online currencies that have their own monetary value but are not tied to a country or bank. They run on a distributed public ledger also called a blockchain which is a decentralized record of all transactions by currency holders. The most popular and known cryptocurrency is BitCoin, but there many others including Ethereum and Ripple.

Question of the week: What is an Index?

Every night on the evening news you hear that the market is up or down and rather large numbers and a up or down arrow are slotted in besides the words S&P 500, Dow Jones Industrial Average and S&P/TSX Composite. These are indexes.

Whenever you hear someone talking about the Dow Jones, or S&P/TSX Composite they are talking about an index. The definition of an index in finance is …

Question of the week: Does the spelling of adviser matter?

We’ve had the “adviser” vs. “advisor” question come up more than a few times recently. It has likely arisen from recent reporting that one has a fiduciary duty to their clients and the other does not.  To correct this misunderstanding, it is important to note that the Nova Scotia Securities Commission regulates conduct and activities of persons or firms in the business of trading or advising on securities no matter how they spell their title.