Internet Fraud and Ontario Securities Commission

Ontario Securities Commission: The report focuses on scams that directly affect individual retail investors, ranging from foreign exchange and real estate scams, to Ponzi schemes and internet fraud. , according to Canadian Broadcasting Corporation, CBC. Although high-profile cases are rare, investor fraud is a genuine problem in Canada, and others says. In a seperate report Monday, the Ontario Securities Commission says its new fraud enforcement wing, working with the OPP and has started 14 investigations between May of 2013 and March 2014. The new agency laid criminal charges in three other cases and has also commenced four "quasi-criminal" proceedings meaning that the case shares only some of the qualities of a criminal prosecution. Canada lacks a formal strategy to adequately protect the public against investment fraud, according to a report released Monday. The Canadian Foundation for Advancement of Investor Rights, or outlined a series of recommendations in the report Monday. Among the recommendations in the 56-page report are that Canadian regulators do a better job of tracking fraud complaints, and publicize the results of those findings. They also call for a national whistleblower program, and ask for existing agencies to collaborate better when working to the same goal. Growing problem (news.financializer.com). As reported in the news.