Staying Ahea
Top Investme
James MacTavish | Senior Advisor, Inve
Investing is a great way for Albertans to a
goals, but as the saying goes: If it sounds
To help Albertans invest their
hard-earned money wisely, the
Alberta Securities Commission
(ASC) has identified the top traps
to look out for in 2020 based
on information gathered by its
enforcement team.
You Don’t Want to Miss Out
Scam artists are always looking to
capitalize on new and emerging
industries, as there is often
limited information and history
available. This makes it easier to
spread false claims or guarantees.
Like any investment opportunity,
it is important to understand
the risks associated with new
industries like cannabis, foreign
exchange, and crypto-asset
investments before investing.
You Can Trust Me
Affinity fraud is when scam
artists work their way into
groups, religious organizations,
and professional communities,
gaining trust before pitching fake
money-making opportunities.
Sometimes potential victims are
approached by friends, family,
or colleagues who may also have
invested in the opportunity.
Learn how to recognize affinity
fraud and never rely solely on
the trust of others to dictate what
investments are right for you.
Cash Out Your
Savings, You’ll
In a struggling ec
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victims to cash ou
retirement saving
pensions, LIRAs,
investments with
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Be wary of anyon
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especially those p
returns at low ris
Get Rich Quick
There is a relation
risk and reward; g
higher the potent
higher the risk. T
complaints relatin
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as low-risk is on t
salespeople will p
investment as an
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make their money
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the time to invest
Registration Do
I Know What I A
Generally, anyone