The head of the BC Securities Commission says another study shows the province’s seniors continue to be most at risk of being conned out of their money.
Brenda Leong says before making an investment, know what a reasonable rate of return is, so you know if what you are being promised is, in fact, too good to be true.
And have a background check performed on the person asking for your cash.
‘We suggest people use a registered investment advisor license with the British Columbia Securities Commission to sell securities and to do a background check which they can do through our public website
Leong says if you are not online – give them a call.
She says last year alone BC Security commission hearings found 200 million dollars were lost to fraudulent activity.