Learn how to protect yourself from fraud

Romance scams, phishing and smishing scams, tax scams, foreign exchange trading schemes and pyramid schemes are just some of the methods scammers use to prey on Canadians. But as part of Financial Literacy Month, you can learn how to prevent fraud and make informed financial decisions.

The Ontario Securities Commission (OSC) is hosting a seminar on that topic on Wednesday, Nov. 6 from 2 to 3 p.m. at the Aaniin Community Centre at 5665 14th Ave. On Wednesday, Nov. 20, the OSC will host an exhibit at the launch of the B.A.S.S.I.C. (Bringing an Awareness of Senior Safety Issues to the Community) calendar from 9:30 a.m. to noon at the Markham Seniors’ Activity Centre at 22 Water St.

“Improving people’s financial knowledge, skills, confidence and behaviours is a key area of focus of the OSC,” says Tyler Fleming, Director of the Investor Office. “People need the tools to make informed financial decisions, and through our financial literacy and investor education activities, we’re helping millions of people get smarter about money.”

Also during Financial Literacy Month, the OSC will publish new tools, articles and resources on its consumer website GetSmarterAboutMoney.ca, including a new emergency fund calculator and a new resource hub for Canadian Armed Forces members and veterans. It will roll out 16 additional language resources on its multilingual website InvestingIntroduction.ca, including Farsi, Arabic, Portuguese, Korean and Russian. Resources include information on investment products, registered plans, and tips on protecting against investment frauds and scams.

It’s also inviting Ontarians to register for a free telephone townhall on Tuesday, Nov. 19 featuring guests from the Investment Industry Regulatory Organization of Canada, the Mutual Fund Dealers Association of Canada and the Ombudsman for Banking Services and Investments. Telephone townhalls work much like a call-in radio show: OSC staff will provide information, answer questions and conduct live polls over the course of one hour.

Visit the OSC’s website www.osc.gov.on.ca. to register for the  telephone townhall and/or to learn more about attending and registering for community seminars.

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