We’ve all heard the saying, “If it sounds too good to be true, it probably is.” In the world of investing, these are words to live by. But how do you know what’s too good to be true?
The Canadian Securities Administrators (CSA) publishes a booklet called Protect your money: Avoiding frauds and scams. This can help you identify and avoid investment scams and fraud. The CSA also has a pamphlet called Scam artists pursue adults over 50. This publication aims to help older investors avoid being the victims of fraud.
To help you avoid identify fraud, see FCAC’s tip sheet called Protect Yourself from Identity Fraud.