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Investor News
September 8, 2020
Back to School for Investors

As a new school year begins and students return to class, in person or virtually, take a moment to brush up on your own investor education and become an informed investor with these tips.

Informed investing starts with knowledge. Beginner and experienced investors alike can benefit from staying up to date on the latest investing topics, news and trends. Learn more

Online Investor Education Resources

Improve your knowledge of personal finance and investing from the safety and comfort of your home with these online resources. - Access hundreds of free articles, tools and calculators to help you with your finances and investments. - Explore this interactive microsite which explains the 8 investing fundamentals for beginner investors.

Fact Cards - Learn about a range of topics including the red flags of investment fraud, how mutual funds work and why registration is important using these free digital cards.

Investor Knowledge Quiz Test your knowledge of investment risk, diversification and fraud prevention with this quiz.

Have an investing question? Visit Re: Investing for clear, unbiased answers to your questions about investing, from a trusted source.

Back to School Budgeting

Back to School Budgeting 

New clothes, backpacks, notebooks and other school supplies can stretch the family budget. It can be financially stressful spending for the back-to-school season, especially with the added challenges from the pandemic.

Use our Budget Worksheet to help make sure every dollar is spent wisely. Learn more

Money Tips for Post-Secondary Students

Money Tips for Post-Secondary Students

The first year of college or university brings a mix of emotions from fear to excitement. As with many students, this could be your first time living on your own and learning how to manage money wisely.

Use our Student Budget Worksheet to plan your spending this semester and develop good financial habits. It can also help you identify expenses that you may not have thought of, such as laundry tokens and the occasional trip home. Learn more


Saving for Your Child's Education 

Registered Education Savings Plan (RESP) helps you save for your child's education by providing special tax treatment for investments in the plan. Your child may also qualify for grants and other programs such as the Canada Education Savings Grant, which provides a lifetime limit of $7,200 for each child.

Use our RESP Savings Calculator to estimate your child's future education costs and whether your planned savings will be enough. 

Unsure how much your child’s college or university program could cost? Use our Education Cost Calculator to estimate the costs for attending a specific college or university program as well as typical food, residence and other living expenses.

The Investor Experience 2020

In our last issue, we published a new study that explores retail investor responses to the COVID-19 pandemic. Investors have been confronted with unprecedented uncertainty and the OSC is closely monitoring retail investor experiences and behaviours during this time to support its investor protection mandate.

The study has several findings, including:

  • Investment stress: 47% of investors are experiencing increased levels of stress during the COVID-19 pandemic.

  • Holding investments: 85% of investors have held all of their investments as a result of the COVID-19 pandemic.

  • Selling investments: Investors with low financial knowledge were the most likely to sell 20% or more of their investments as a result of the COVID-19 pandemic.

Read the full research findings and a COVID-19 summary report. Over the coming weeks we will publish additional summary reports highlighting key findings. Learn more

Applications for Seniors Expert Advisory Committee

Applications for Seniors Expert Advisory Committee

The OSC is seeking members for its Seniors Expert Advisory Committee (SEAC). Applications are due September 11, 2020. 

The SEAC advises OSC staff on securities-related policy, operational, education and outreach activities of the OSC designed for older investors. OSC staff recognize the importance of consulting with a multidisciplinary group of seniors’ experts who can provide staff with specialized input to support ongoing efforts and to better understand the unique needs of older investors. Learn more

Investor Education Webinars

Investor Education Webinars

Register for our September 15 webinar with the RCMP and the Canadian Anti-Fraud Centre. Fraudsters continue to target Canadians during the pandemic. Learn about the latest scams and how to protect yourself. Register today

We've increased online and teleconference events due to the pandemic. Our September 2 "money tips for seniors" webinar featured several special guests including the Hon. Raymond Cho, Minister for Seniors and Accessibility, Daisy Wai, Parliamentary Assistant to the Minister for Seniors and Accessibility, Grant Vingoe, Acting OSC Chair and CEO, and Tyler Fleming, Director of the OSC's Investor Office. Find an upcoming event

Osgoode IPC

Osgoode Investor Protection Clinic

The Investor Protection Clinic (IPC), a joint initiative between Osgoode Hall Law School and FAIR Canada that received seed funding from the Law Foundation of Ontario, released its 2020 Annual Report.

In August, the IPC and the Investment Industry Regulatory Organization of Canada (IIROC) announced a partnership in which IIROC will provide the IPC with major funding annually for the next five years.

The IPC provides free legal advice to people who believe their investments were mishandled and who cannot afford a lawyer. Learn more

OBSI JRC Annual Report

OBSI JRC Annual Report

The Ombudsman for Banking Services and Investments (OBSI) is a free, independent service for resolving investment disputes between participating firms and their clients if they can't solve them on their own.

The Joint Regulators Committee (JRC), the committee of securities regulators that provides oversight of OBSI, recently published its 2019 annual report. Learn about the securities regulatory oversight of OBSI here.

CSA Study on Investor Knowledge, Attitudes and Behaviour

CSA Study on Investor Knowledge, Attitudes and Behaviour

The Canadian Securities Administrators (CSA), which includes the OSC, recently published findings from a four-year research study that measured what investors know and think about fees and the performance of their investments, and how they interact with advisers.

The research found improvements between 2016 and 2019 in 40% of the issues examined, particularly in knowledge about fees. Read the full report




Proposed amendments regarding syndicated mortgages

Comments due: September 21, 2020

The OSC published for comment amendments to its local prospectus and registration exemptions regarding syndicated mortgages. These proposed local amendments, together with final amendments published by the CSA, facilitate the transfer of regulatory oversight of certain syndicated mortgage investments to the OSC. Learn more


Guidance for flexible chief compliance officer arrangements for businesses

Comments due: September 30, 2020

The CSA announced guidance that supports firms' implementation of more flexible chief compliance officer (CCO) arrangements that better align with their operational needs and business models. The guidance outlines three CCO models tailored to the needs of small businesses, specialized businesses, and firms with multiple lines of business. Learn more


Self-regulatory organization framework

Comments due: October 23, 2020

The CSA is seeking input from investors, industry and the public on the framework for self-regulatory organizations in Canada. Learn more


Proposed partial repeal of OSC Rule 48-501 and proposed changes to Companion Policy 48-501CP

Comments due: November 4, 2020

The OSC is proposing amendments of OSC Rule 48-501 Trading During Distributions, Formal Bids and Share Exchange Transactions and changes to its related Companion Policy (48-501CP). The proposed amendments would remove restrictions on dealers involved in distributions, formal bids and share exchange transactions; and remove certain restrictions on insiders and associated entities of issuers and selling shareholders. Learn more




Always know the 10 most recent OSC investor warnings and alerts by bookmarking this Fact Card or embedding it on your website or blog.


Karatbars International GmbH, Karatbit Exchange

Karatbars International GmbH and Karatbit (including Karatbit Exchange) are not registered or recognized in Ontario to engage in the business of trading in securities or facilitating transactions relating to securities (including buying and selling securities). Learn more


First City Markets

First City Markets, found at www[dot]firstcitymarkets[dot]com, is not registered in Ontario to engage in the business of trading in securities. Learn more


COVID-19 Fraud Alerts

Watch our new COVID-19 fraud alert videos. Fraudsters are exploiting the fear surrounding economic conditions and the COVID-19 pandemic.

*New* Quick High-Return Schemes. Fraudsters are targeting people experiencing financial hardship from COVID-19 with quick high-return schemes based outside of Canada. 

Fake government messages. Be careful of fraudsters posing as government agencies or departments by text or email.

Financial representative impostors. Be on alert for fraudsters posing as your bank or investment firm advisor.

Pump-and-dump scams. This is a type of investment fraud. Fraudsters artificially increase the price of a stock they own by encouraging other investors to buy it. Fraudsters then sell their shares; the price falls and investors lose money. 

Work from home scams. Be on alert for fraudsters offering fake job opportunities and claiming you can earn high profits to replace lost income from COVID-19.


IOSCO Investor Alerts

Stay informed about the latest international investor warnings and alerts by visiting the International Organization of Securities Commissions (IOSCO) Investor Alerts Portal.




OSC in the Community

OSC in the Community is an outreach program that takes the OSC's regulatory mandate from Bay Street to Main Street. OSC staff travel to communities across Ontario to talk to people about making informed financial decisions and avoiding investment fraud.

To protect the health and safety of the public and staff, all OSC in the Community events will be delivered online or by phone until further notice. We will continue to monitor the situation and follow guidance from public health authorities.

  • September 15, 2020 - Webinar
  • September 17, 2020 - Webinar
  • September 22, 2020 - Webinar
  • September 24, 2020 - Webinar
  • October 1, 2020 - Webinar

Learn more

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Here are 8 questions to ask when choosing an RESP provider.

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