On October 12th, we were fortunate to have Chris Allum and Allister Field from the Ontario Securities Commission together with two law students from the Investor Protection Clinic address our club. We had a great turnout with 38 participants. Their presentation on Protect Your Money not only raised our awareness to the possibility of falling victim to sophisticated scammers but also addressed how to work with your financial advisor and the system to ensure that you are well protected. Their presentation is on our Probus website in the Investment Club section (password Club 193). If you were unable to attend, it is worth a few minutes of your time.
The Ontario Securities Commission has excellent websites on the latest news on investor initiatives and research, educational resources and fraud warnings. To visit the OSC website:
Fraud Prevention
To learn more about protecting against fraud:
Working with a Financial Representative
The are a number of topics that are related to Working with a Financial Representatives on the OSC website. These are:
How registration protects investors:
Client focused reforms:
Trusted contact person:
Making a complaint:
Cryptoassets:
Investing questions:
Investor News:
Reporting Fraud
Local police
Canadian Anti-Fraud Centre: 1-888-495-8501 or https://antifraudcentre-centreantifraude.ca/report-signalez-eng.htm
OSC Contact Centre: 1-877-785-1555 or email: inquiries@osc.gov.on.ca
Other organizations that can help with an investing problem:
Ombudsman for Banking Services & Investments: 1 (888) 451-4519
Investor Protection Clinic, Osgoode Hall: ipc@osgoode.yorku.ca
Investor Protection Clinic, U of T: ipc.law@utoronto.ca
Our next meeting will be held on Tuesday, November 9th via Zoom. We will have Rob Pollard and his team from Raymond James presenting. The topic will be Tax Effective Ways to Pass Along Wealth.
If you would like to attend this meeting, please contact David Snow snow@sympatico.ca or Linda Hasler lhasler@rogers.com who will ensure that you are on the invitation list.
Probus Club of Kingsway-Islington 