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In recognition of Fraud Prevention Month, MFDA of Canada offers advice to help protect you from investment fraud.

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The Mutual Fund Dealers Association of Canada is the self-regulatory organization that regulates the operations, standards of practice, and business conduct of its 111 Members and their approximately 80,000 mutual fund advisers.

Additional Information:

Company: Mutual Fund Dealers Association of Canada
Website: www.mfda.ca/investors/advisor.html
Date Published: Mar 7, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch.com

In recognition of Fraud Prevention Month, the Mutual Fund Dealers Association of Canada has produced a short brochure to help protect you from investment fraud.

The Mutual Fund Dealers Association of Canada is the self-regulatory organization that regulates the operations, standards of practice, and business conduct of its 111 Members and their approximately 80,000 mutual fund advisers.

Although the Canadian mutual fund industry is well regulated and the vast majority of advisers conduct themselves to the highest standards, if you have any concerns or are uncomfortable about any security you are being offered by an adviser, there are several measures you can take to protect yourself before you invest.

1. Call the dealer’s compliance department to discuss the situation.

The dealer’s contact information can often be found on the dealer’s website and on some of the account opening documents you received.

2. Check for the discipline history of your MFDA adviser.

Go to www.mfda.ca/investors/advisor.html to check the discipline history of your adviser.

3. Check the registration status of the adviser.

You can do this at www.aretheyregistered.ca.

4. Perform an internet search on both your adviser and the security you are being offered.

By using Google, Bing or a similar search engine, you can see what others may be saying about your adviser or the product you are being offered.

5. If you have a complaint call the MFDA to report your concerns. There number is 1-888-466-6332

It is important to know that a registered adviser can only sell securities to the public through their registered dealer.

This means that your adviser cannot offer you any investment products “on the side”, as all securities must be sold through, and approved by, your adviser’s dealer.

After purchasing any security from your adviser you should receive a trade confirmation, and the security purchased should show on your regular statements, from the dealer.

And of course, you should be cautious if any investment is described as:
• No risk
• Guaranteed
• A special deal for you
• Time limited
• Or any similar statement that seems too good to be true

For more information and a list of all MFDA dealers, please visit their website www.mfda.ca.

The distribution of this information has been sponsored by Bacchus Law Corporation, a boutique corporate law firm which provides advice on US and Canadian corporate and securities issues.

I’m Samantha Deutscher for Investmentpitch.com
For more video news, and to view our disclaimer, please visit our website at www.investmentpitch.com
This video is for information purposes only and it not a recommendation to buy or sell any securities.

In recognition of Fraud Prevention Month, the Mutual Fund Dealers Association of Canada has produced a short brochure to help protect you from investment fraud.

The Mutual Fund Dealers Association of Canada is the self-regulatory organization that regulates the operations, standards of practice, and business conduct of its 111 Members and their approximately 80,000 mutual fund advisers.

Although the Canadian mutual fund industry is well regulated and the vast majority of advisers conduct themselves to the highest standards, if you have any concerns or are uncomfortable about any security you are being offered by an adviser, there are several measures you can take to protect yourself before you invest.

1. Call the dealer’s compliance department to discuss the situation.

The dealer’s contact information can often be found on the dealer’s website and on some of the account opening documents you received.

2. Check for the discipline history of your MFDA adviser.

Go to www.mfda.ca/investors/advisor.html to check the discipline history of your adviser.

3. Check the registration status of the adviser.

You can do this at www.aretheyregistered.ca.

4. Perform an internet search on both your adviser and the security you are being offered.

By using Google, Bing or a similar search engine, you can see what others may be saying about your adviser or the product you are being offered.

5. If you have a complaint call the MFDA to report your concerns. There number is 1-888-466-6332

It is important to know that a registered adviser can only sell securities to the public through their registered dealer.

This means that your adviser cannot offer you any investment products “on the side”, as all securities must be sold through, and approved by, your adviser’s dealer.

After purchasing any security from your adviser you should receive a trade confirmation, and the security purchased should show on your regular statements, from the dealer.

And of course, you should be cautious if any investment is described as:
• No risk
• Guaranteed
• A special deal for you
• Time limited
• Or any similar statement that seems too good to be true

For more information and a list of all MFDA dealers, please visit their website www.mfda.ca.

The distribution of this information has been sponsored by Bacchus Law Corporation, a boutique corporate law firm which provides advice on US and Canadian corporate and securities issues.
(screen with their website etc)

I’m Samantha Deutscher for Investmentpitch.com
For more video news, and to view our disclaimer, please visit our website at www.investmentpitch.com
This video is for information purposes only and it not a recommendation to buy or sell any securities.