IIROC's Fraud Prevention Month Campaign Encourages Canadian Investors to Be Wary of Scams

TORONTO, March 1, 2022 /CNW/ - For Fraud Prevention Month this March, the Investment Industry Regulatory Organization of Canada (IIROC) has launched a digital campaign that encourages Canadians to be wary of scams before making investment decisions.

Fraud Prevention Month is an annual awareness initiative aimed at educating and informing consumers on how to recognize, report and stop fraud. Throughout the month, IIROC will share tips and resources on its social media and website to help educate investors across the country.

"Financial scams pose a significant risk and often target vulnerable individuals," said Sean Hamilton, Director, Public Affairs and Member Education Services, IIROC. "It's important that Canadians are equipped to make informed investment decisions. IIROC has plenty of tools and resources to help prevent fraud and educate investors, such as the Advisor Report, which verifies a financial advisor's registration."

IIROC's website has several resources to help investors recognize red flags, including a fraud prevention tip sheet and the Advisor Report. Follow IIROC on LinkedIn, Twitter and Facebook during the month of March for more fraud prevention tips.

IIROC is the pan-Canadian self-regulatory organization that oversees all investment dealers and their trading activity in Canada's debt and equity markets. IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while supporting healthy Canadian capital markets. IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of 174 Canadian investment dealer firms of varying sizes and business models, and their more than 31,000 registered employees. IIROC also sets and enforces market integrity rules regarding trading activity on Canadian debt and equity marketplaces. For more information, visit www.iiroc.ca. 

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

Joanna Nicholson, Investment Industry Regulatory Organization of Canada, [email protected], 416-671-3884