Fraud Prevention Month is a campaign held each March to inform and educate the public on the importance of protecting yourself from being a victim of fraud. This year’s theme is impersonation, and focuses on scams where fraudsters will claim to be government officials, critical infrastructure companies, and even law enforcement officials. The Canadian Anti-Fraud […]
To mark Fraud Prevention Month in March, the Financial and Consumer Services Commission (FCNB) is inviting New Brunswickers to become familiar with the red flags of fraud so they can feel empowered to protect themselves from fraud. FCNB is launching a social media campaign complete with a new video series depicting some of the common […]
The Financial and Consumer Services Commission (FCNB) is warning investors of five businesses that claim to be online crypto-asset trading platforms and may be selling their products and services to New Brunswickers. Bitfargo, Celox Live, Trading Vision Group, FundsProMax and True North Bit are businesses that are not registered with FCNB. Individuals and firms in […]
The Canadian Anti-Fraud Centre has received reports of scammers gaining control of Instagram accounts. Suspects blackmail victims to record themselves promoting fake cryptocurrency platforms in order to regain access to their account. Scammers are sending phishing emails with fraudulent links for fake Instagram login pages; this allows scammers to steal account credentials. Once an account […]
More than 420 New Brunswickers reported losing a total of $4.2 million to fraud and scams in 2021, a $2.6 million increase over the year before. The figures come from the Canadian Anti-Fraud Centre (CAFC), which ranked investment scams as the top category of fraud by dollar loss in New Brunswick. Thirty-one New Brunswickers reported […]
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Topics Expertise from the subject matter experts at New Brunswick’s Financial and Consumer Services Commission. Regulated Industries FCNB is responsible for the regulation and enforcement of securities, insurance, pensions, credit unions, trust and loan companies, co-operatives, mortgage brokers, pay day lenders, real estate and a wider range of other consumer legislation. We regulate 36,000 industry […]
Toronto – Staff of the Canadian Securities Administrators (CSA Staff or we) are today providing reporting issuers with guidance on virtual shareholder meetings. Since the emergence of the COVID-19 pandemic, many reporting issuers have adopted a virtual format for their shareholder meetings. These meetings are typically conducted either entirely virtually, in place of an […]
The COVID-19 pandemic has had a large impact on how we are able to socialize with the people in our lives; more and more individuals have found themselves on the internet looking for company during the difficult times of self-isolation and lockdown. The Canadian Anti-Fraud Centre (CAFC) is receiving a large number of reports from […]
Montreal – This Valentine’s Day, the Canadian Securities Administrators’ (CSA) is warning the public about fraudsters using social media, messaging apps and online dating sites to lure Canadians into relationships that lead to investment scams. According to data from the Canadian Anti-Fraud Centre (CAFC), investment scams and romance scams were the top two reported scams […]