March is Fraud Prevention Month!

Submitted by nsscadmin on Fri, 03/01/2019 - 10:00

March is Fraud Prevention Month. Throughout the month we’ll be sharing information on how to recognize and avoid investment fraud on our website, Twitter feed and relaunched YouTube Channel.

On our website we’ll be continuing our on-going series on investment risk in our Before You Invest Blog. The posts may not always pertain to investment fraud but knowing how risk can affect you and your investments is important when making investment decisions and when working with your adviser.

On Twitter we’ll be sharing investment fraud tips and advice throughout the month. Every Tuesday look for our Tuesday Fraud Tips to help you avoid failing victim to investment fraud. On Thursdays it’s always #ThrowBackThursday, and throughout March that means a look back at our profiles on famous fraudsters like Charles Ponzi, Bernie Madoff and Earl Jones.

Mondays are an important day on all our online channels as we’ll be debuting a new animated video on investment fraud every Monday throughout the month. The videos will be housed on our YouTube Channel, but look for links and info on our website and Twitter to take you right to them. Or, you could subscribe to our channel to know when new videos are posted. A few of the topics we’ll be looking at in our videos include Ponzi Schemes, Pump and Dumps, Boiler Rooms and What to do if you think you’ve been scammed. Watch out for our first video on Monday, March 4!

Are you a senior interested in learning more about investment fraud and how to protect yourself? We’re teaming up with the Seniors’ College Association of Nova Scotia (SCANS) in March to present a class on investment fraud on March 25^th. SCANS helps Nova Scotians aged 50+ continue lifelong learning through affordable non-credit academic courses. To learn more about SCANS and to learn about enrolling in the Nova Scotia Securities Commission’s class on investment fraud please visit their website.

Failure to file annual financial statements.
Failure to file interim financial statements.
Failure to file an annual or interim management’s discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP).
Failure to file an Annual Information Form (AIF).
Failure to file a certification of annual or interim filings required by Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109).
Failure to file required proxy materials or a required information circular.
Failure to file an issuer profile supplement on the System for Electronic Disclosure by Insiders (SEDI).
Failure to file a material change report.
Failure to provide a written update after filing a confidential report of a material change.
Failure to file a business acquisition report.
Failure to file annual oil and gas disclosure prescribed by National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities (NI 51-101) or technical reports for a mineral project required under NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Failure to file a mandatory news release.
Failure to file corporate governance disclosure as required by national Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101).
Failure to file audit committee disclosure as required by Multilateral Instrument 52-110 Audit Committees (MI 52-110) or BC Instrument 52-509 Audit Committees.
Failure to include disclosure in an issuer’s MD&A relating to disclosure controls and procedures and their direct effectiveness that is referred to in a certificate filed under MI 52-109.
Financial statements of the reporting issuer, or the auditors’ report accompanying the financial statements, do not comply with the requirements of NI 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) or National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (NI 52-107).
The reporting issuer has acknowledged that its financial statements, or the auditors’ report accompanying the financial statements, may no longer be relied upon.
The reporting issuer’s AIF, MD&A, MRFP, information circular, or business acquisition reports do not contain information for each of the content items required by NI 51-102 or NI 81-106.
The reporting issuer’s technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or 51-101.
Failure to pay a fee required by the Act or the regulations.
Failure to comply with any other requirement related to continuous disclosure.