How to Report a Suspected Scam

March 5, 2009

Feeling uncomfortable about an investment you’ve been considering? Not sure if you should believe your friend when he or she says the opportunity is too good to be missed?

Report your concerns about possible investment scams to the Nova Scotia Securities Commission using the form found here.

If you are unsure whether to report, give yourself some peace of mind. Research the particular company or individual that is offering the investment. Only you can ensure that you are making an informed decision:

  • Conduct a background check to find out if there has been any disciplinary action/enforcement action taken against a company and/or individual and if they are registered.
  • Familiarize yourself with common Red Flags to see if any come up for your potential investment.
  • Read up on our latest investor watches and regular scams so you don’t get involved in a scheme.

If, after taking these steps, you still have additional concerns, contact The Commission at 424-4558.

Please be ready to provide the following information:

  • Complete spelling of your first and last name
  • State whether you wish to have a response from us via email or phone.
  • If email: spell the email address slowly and clearly
  • If phone: list multiple numbers with area code for reaching you (work, home, cell), when a convenient call back time is and whether it is okay for us to leave a detailed message on your answering machine/ voicemail
  • State what it is that you are wanting to know (ie. if an adviser/ broker is registered
  • List the spelling of the full name of the adviser/ broker or company you are wondering about (If possible, please provide a middle name or initial and/ or the correct variation of the company such as Inc., Ltd., Co.).

Finally, if you think you should file a formal complaint, see the commission’s main website.