SIPA - Working for Investors

CBC News - British Columbia - B.C. regulators warn of pension scam

Seeded on Sun Apr 11, 2010 7:24 AM EDT (CBC)

Canadians are being scammed continuously. Regulators are unable to prevent these scams and frauds. pools of money like pension savings are targetted. Beware of any offers that sound too good to be true.

business, regulators, investor-protection, pension-scam, unlocking-pensions

CBC News - British Columbia - RBC won't forgive elderly scam victim's debt

Seeded on Wed Apr 7, 2010 3:07 AM EDT (CBC)

As Canada has so much fraud and scams the banks should take a proactive stance in helping protect the elderly from fraud. Why would they allow this elderly lady to use her VISA to pay $10,000 to a fraudster? Why did the bankls allow Earl Jones to carry on with his fraud?

elderly, scams, frauds, bank-regulation, investor-protection, society-obligations

CBC News - Montreal - Thousands protest Quebec budget

Seeded on Sat Apr 3, 2010 8:15 AM EDT (CBC)

Quebecers demonstrate over the budget. The public is learning that if no one is there to represent their interests they must resort to demonstrations. This is an indication that our politicians are not listening to the people. As a result victims action groups are being formed.

business, sipa, investor-protection, public-demonstartion, canadian-securities-transition-office, national-securities-regulator

CTV News | Canada unlikely to see a ban on fund commissions

Seeded on Sat Apr 3, 2010 7:54 AM EDT (CTV News)

The issue for small investors is not so much that commissions are charged. The practice of commission sales is well established in most industries and is accepted by canadians.

business, mutual-funds, fair, stromberg, commission-ban, investor-beware

Small Investor Protection Association: Ontario Securities Commission Investor Advisory Panel

Seeded on Wed Mar 31, 2010 10:28 PM EDT (Blog - Small Investor Protection Association)

The Ontario Securities Commission will provide additional information and terms of reference on their website April 6th in response to questions raised by investor advocates. Thsi will allow time for prospective candidates to re-assess prior to the dealine for applications.

business, regulator, investor-advisory-panel, ontario-securities-commission

CBC News - Money - FAQ: Ponzi schemes

Seeded on Mon Mar 29, 2010 2:05 PM EDT (CBC)

The meltdown has raised awareness to a whole new level. As investors became more aware and retreated from investments Ponzi scams were not sustainable as new money and rollover money dried up.

business, court, police, victims, ponzi, investment-scam, snoek, regiulation

Small Investor Protection Association: Where on Earth is Harry Snoek

Seeded on Sun Mar 28, 2010 9:25 PM EDT (The Toronto Star)

This is another Canadian Ponzi scheme revealed. the financial market meltdown left many Ponzi fraudsters high and dry. Bernie Madoff made headlines in the U.S.

victims, toronto, ponzi, regulators, limited-partnerships, investor-protection, investment-loss, harry-snoek

Investor Beware

Seeded on Sun Mar 28, 2010 7:22 PM EDT (CTV News)

The financial market meltdown is exposing many of the scams and frauds that operated for decades. It is disgraceful that investors must proactively seek redress because regulators are unable or unwilling to protect investors.

business, victims, royal-bank, ponzi, earl-jones, civil-action, investment-loss

New RRSP and LIRA scam in Atlantic Canada â�� Before You Invest

Seeded on Sun Mar 28, 2010 6:36 PM EDT (Nova Scotia Securities Commission)

Kudos to the Nova Scotia Securities Commission for warning investors about a scam that takes Canadians retirement finds from their RRSPs and LIRAs.

education, lira, fraudsters, revenue-canada, rrsp, investment-regulation, pension-scam

FINRA Expels Provident Asset Management Over Fraudulent Private Placements - Representing Investors - Blog Archive

Seeded on Sat Mar 27, 2010 4:39 PM EDT (investor.com blog)

Another Ponzi scheme exposed by FINRA. Can anyone even think that fraud is not rampant in Canada. What an embarassment we are. Who will it be tomorrow. Canadians must wake up and take action or future generations will suffer because of our inaction.

business, fraud, ponzi, finra, investor-protection, provident-asset-management, fiduciary-standard

Ontario financier found dead as investor files claim

Seeded on Fri Mar 26, 2010 10:18 AM EDT (National Post)

The national post provides additional detail regarding Mander's suicide when his Ponzi scheme is uncovered. He operated it as a pyramid scam by enticing others to anticipate. Investors need to learn not to deal with unregulated individuals.

business, fraud, suicide, investment, ponzi-scheme, investment-loss

Small Investor Protection Association: The Fiduciary Standard and Beyond: Financial Adviser-Client Relationship

Seeded on Fri Mar 26, 2010 9:02 AM EDT (blog)

This Toronto conference on fiduciary standards emphasized the fact that canadian law is failing investors. The investment industry is not held to a fiduclary standard but to a duty of care. It is only managed accounts that are held to a fiduciary standard.

business, regulators, fiduciary, civil-action, statute-of-limitations, investor-protection, investment-loss, adviser-clients-relationship

CBC News - Canada - Investors worry after financial 'guru' kills self

Seeded on Wed Mar 24, 2010 9:04 AM EDT (CBC)

Ponzi predator commits suicide

business, suicide, police, ontario, investments, ponzi-scheme, millions-lost

Advisors News | Regulatory | ADVISORS - Regulators warn of "unlocking" scam

Seeded on Tue Mar 23, 2010 10:29 PM EDT (Advisor.ca)

Regulators warn invetors of the "unlocking" scam. Fraudsters offer a way of accessing a portion of your registered plan to invest in a money making scheme and avoid paying tax on the withdrawal.

business, fraud, investment-scams, registered-account, unlocking-rrsps, regulators-warning

Calgary man charged in land fraud involving Olympians

Seeded on Tue Mar 23, 2010 3:37 PM EDT (Calgary Herald)

Canada - the land of fraudsters! Olympians defrauded.

business, fraud, police, victims, investments, olympians, defrauded, canadian-properties-corporation

Day hints at two-tiered federal pensions - The Globe and Mail

Seeded on Tue Mar 23, 2010 11:47 AM EDT (The Globe and Mail)

A two-tier pension plan for federal government employees may be essential. It is not unusal to grandfather certain groups when it comes to a choice of degrading benefits or ultimate failure of a system.

health, investment, stockwell-day, two-tiered-pensions, cfrs, defined-benefits, defined-contributions, universal-pension-plan, dan-braniff

The Investor's Clearinghouse from the Alliance for Investor Education

Seeded on Tue Mar 23, 2010 10:51 AM EDT (www.investoreducation.org)

There is a need for investor education and raising awareness of all small investors so they do not risk losing their savings and investments when they have reached or are nearing retirement.

fraud, savings, seniors, education, investments, awareness, investor-education, alliance-for-investor-education, small-investor-protection-association

2theadvocate.com | News | Judge mulls bankruptcy for Stanford fraud case â�� Baton Rouge, LA

Seeded on Tue Mar 23, 2010 1:43 AM EDT (2theadvocxate.com)

While the courts waste time 25000 victims who lost $1 billion wait. Where are the regulators? They are unable to prevent these financial fiascos from happening and do little to help the victims.

bankruptcy, fraud, health, savings, court, 25, investment, 000-victims, investor-protection, tanford

House approves historic health-care overhaul - MarketWatch

Seeded on Mon Mar 22, 2010 12:35 AM EDT (MarketWatch.com)

President Obama had a major victory when the House of Representatives passed a landmark overhaul of the U.S. health-care system Sunday. The 219-212 vote was a narrow victory but is the most significant social-policy legislation in decades.

health, financial-industry, fiduciary-responsibility, helth-care, socila-policy

SEC Asked Senate For Tougher Dealer Standards In Financial Bill

Seeded on Sat Mar 20, 2010 12:22 PM EDT (NASDAQ.com Stock Tracker)

Canada needs to listen to what is happening in the United States. It is time that all those who provide advice to small investors are charged with having fiduciary responsibility. The SEC is asking that brokers also have fiduciary responsibility as well as financial advisers.

business, sec, senate, brokers, financial-advisers, fiduciary-duty, dealer-standard

Senate Aging Committee Supports Dodd Bill to Protect Seniors From Misleading Designations

Seeded on Sat Mar 20, 2010 12:16 PM EDT (reversemortgagedaily.com)

Canada could surely use legislation similar to the Dodd Bill. Protecting seniors' investment should be paramount.

politics, regulators, dodd-bill, investment-industry, protect-seniors, misleading-designations, financila-advisers

Naming and Shaming - the Scarlet Letter

Thu Mar 18, 2010 3:09 PM EDT

This morning the VancouverSun.com carried an article entitle from the U.S. media. "Naming and shaming" should discourage most people from wrongdoing, although those without shame will not be deterred.

Continue reading this entry ...

entertainment, csa, sro, hall-of-shame, alphabetical-list, naming-and-shaming, pervasive-wwrongdoing, financial-perpetrators, disciplined-persons

Transcript of Harper's YouTube interview - The Globe and Mail

Seeded on Wed Mar 17, 2010 7:57 AM EDT (The Globe and Mail)

First Obama and now Harper. The internet is empowering people and Government will listen. Let's hope that individuals will take the opportunity to pursue the issues that are most important to them, like education, helthcare and retirement security.

politics, healthcare, government, obama, harper, retirement-security

Vincent Lacroix testifies against Quebec securities watchdog

Seeded on Mon Mar 15, 2010 7:44 PM EDT (Montreal Gazette)

Over and over it is demonstrated the regulators are failing to protect investors. The Montreal Gazette reports "The 139 investors contend they were defrauded of about $7.6 million.

business, funds, fraud, losses, victims, courts, norbourg, lacroix, amf

Victims of Madoff, Stanford join forces in pressing for restitution : Finance, Investments, Insurance : The Buffalo News

Seeded on Mon Mar 15, 2010 12:09 PM EDT (BuffaloNews.com)

The financial meltdown has exposed many more financial frauds and scams than are usually exposed. The tide for fraudsters went out exposing long term frauds in both the United States and Canada.

education, victims, legislation, new-approach, civil-action, investment-losses, victims-action-groups, investment-regulation

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