Most investment fraudsters will make themselves out to be financial experts or someone offering a once-in-a-lifetime opportunity. They will try to gain your trust before asking you for money. A fraudster may approach you online, by phone or even through a group or organization that you belong to.
Investment fraud is easier to recognize when you know what to look for. Remember these 4 red flags of investment fraud as well as these 4 ways to avoid investment scams.
If you suspect investment fraud or if you are unsure that the person or business you are dealing with is legitimate, you can contact the Ontario Securities Commission. We're here to help.