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Investopedia's Definition of Securities Fraud:​

  • A type of serious white-collar crime in which a person or company, such as a stockbroker, brokerage firm, corporation or investment bank, misrepresents information that investors use to make decisions. 

  • Securities Fraud can also be committed by independent individuals (such as by engaging in insider trading). 

  • The types of misrepresentation involved in this crime include providing false information, withholding key information, offering bad advice, and offering or acting on inside information. 

https://www.investopedia.com/terms/s/securities-fraud.asp

 

Do the necessary research, study and analysis before making any investment decisions including choosing an advisor. 

 

 

Canadian Anti-Fraud Centre:  

http://www.antifraudcentre-centreantifraude.ca/fraud-escroquerie/types/investment-investissement/index-eng.htm

Nova Scotia Investment Fraud Cases:

 

 

 

In a lawsuit filed against Quadrus, the couple said Dunbar convinced them to remortgage their home and invest both their pension funds, as well as some of their daughter's money — an estimated total of more than $1 million. They knew him for 12 years.

The charge involved 201 people who invested more than $4 million through Jabez Financial Services Inc. -- a Windsor, N.S., company. It was a company and researching the company and it's advisors may have saved the investors from financial losses.

 

Quadrus: https://www.cbc.ca/news/canada/nova-scotia/glenn-dunbar-quadrus-investment-services-fraud-million-guilty-1.4065594

https://www.cbc.ca/news/canada/nova-scotia/nova-scotia-couple-who-lost-life-savings-settle-lawsuit-with-quadrus-1.3151309

 

 

Jabez Financial Services Inc.: https://www.ctvnews.ca/canada/n-s-investment-scam-mastermind-ordered-to-pay-victims-1-1m-1.3403905

Common Types of investment fruad: 

https://www.getsmarteraboutmoney.ca/protect-your-money/fraud/protecting-against-fraud/8-common-investment-scams/

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Five rules for avoiding fraud: https://faircanada.ca/investor-resources/five-rules-for-avoiding-investment-fraud/

No security recommendations will be made by Arnason Investor Education. Our objective is to provide participants with a basic knowledge of investing with an Advisor or in Self-Directed accounts.

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