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contest

Not-so-fun fraud facts

by Natalie MacLellan on March 4, 2010

in Fraud Prevention

As noted elsewhere on this site, a recent survey* found that 41 per cent of Nova Scotians believe they have been approached with some form of investment fraud. What else do we know about investment fraud in Nova Scotia? You might be surprised.

  • Of those approached with investment fraud, 25% say they have been approached five or more times.
  • Only 29% believe investment fraud is common in their province.
  • Only half of Nova Scotians believe they are as likely to be a victim of fraud as anyone else.
  • 81% believe it is important to report even the suspicion that someone has approached them with an investment fraud.
  • Less than 1/3 of those approached actually reported the attempt.
  • 81% believe you should never make an investment without doing independent research. Yet almost half (48%) rely completely on the advice of an adviser, doing no research on their own.
  • You do not need to be rich to be a fraud victim – most Nova Scotians are defrauded for $5000 or less, often less than $1000.

*All stats taken from the CSA Investor Index 2009.

Want to learn more about Investment fraud – play our Go Fraud Free ~ Win a Wii contest. Enter by commenting on any of our blog posts, or answering our daily trivia questions on Twitter.

Tagged as: contest, fraud, Statistics, survey

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Go Fraud Free ~ Win a Wii

by Natalie MacLellan on February 26, 2010

in Contests, Fraud Prevention

Welcome to the latest contest from Before You Invest and the Nova Scotia Securities Commission!

From March 1 to March 31 we’re giving away 4 copies of Quicken Cash Manager software, and one Grand Prize of a Nintendo Wii!

How do I enter?

1.    Of course, you’ll need a Twitter account. (*To answer triva. To enter without a Twitter account, see #6.)

2.    Follow www.twitter.com/B4UInvest. We’ll need to be able to direct message for your details if you win so we can send your prize.

3.    Every weekday, we’ll post a trivia question. The answer to all questions can be found on our website: www.beforeyouinvest.ca, or on links we will provide.

4.    Tweet your answer (within 140 characters of course) using the hashtag #fraudfree. You must use the hashtag to enter the contest. (That’s how we’ll find you.)

5.    Only one correct entry per Twitter account, per day, will be eligible for the draw.

6.    You may also enter by visiting www.beforeyouinvest.ca and providing relevant commentary on articles and blog posts. (Comments subject to moderation, at discretion of the staff of the Nova Scotia Securities Commission.) One entry per blog post, per day will be eligible for the draw.

7.    The contest will run weekdays, from March 1 to March 31, 2010. One copy of Quicken Cash Management software will be awarded per week in each of the first 4 weeks. All eligible correct answers received will be entered into a random draw. The draw will take place the following Monday, at the office of the Nova Scotia Securities Commission.

8.    The winners will be announced through Twitter and on www.beforeyouinvest.ca.

9.    All eligible entries received between March 1 and March 31 will be entered into the Grand Prize draw for a Nintendo Wii. Draw date will be on April 1, 2010. The winner will be announced on Twitter and on www.beforeyouinvest.ca.

Please read the official Rules and Regulations.

Tagged as: contest, education, fraud, rules, twitter

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Win a notebook computer or $2,000 cash in the Financial Fitness Challenge!

February 17, 2010

Young Nova Scotians are invited to take the Financial Fitness Challenge, a contest designed to raise awareness about budgeting, saving and investing.
The Challenge, which runs Feb. 15 to April 15, uses a new, interactive website to quiz youth on their financial knowledge. The contest is sponsored by the Canadian Securities Administrators, of which the Nova [...]

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