Investment scams imitating well-known financial brands

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TORONTO, May 31, 2021 /CNW/ – The Canadian Securities Administrators (CSA) is warning the public about scammers claiming to represent large, well-known financial companies.  Recently, the CSA has noted an increase in the number of scams involving the use of professional looking electronic brochures and other marketing material, designed to deceive Canadian investors into visiting “spoofed” websites.

How the scam works – giving victims a false sense of security

The scam provides investors with high quality brochures and other investment documents that appear to have been produced by easily recognizable banks, insurance companies,…

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