Ontario Securites Commision - Investor offices
Investor News
May 20, 2021

Cash flow is an important indicator of your financial health. It is the money you have coming in and going out at a given time. The pandemic has created financial challenges and many Canadians have experienced irregular cash flows or the need to borrow money to make ends meet. Use this Personal Cash Flow Calculator to track your monthly financial progress. Learn more

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Signs of Investment Fraud

If you're a beginner investor or someone who has been investing for years, remember to always be vigilant for these 4 common signs of investment fraud. Anyone can become a victim. Fraudsters are exploiting current events and economic uncertainty to separate you from your hard-earned money. Learn more

Sarah Bradley

OBSI's Sarah Bradley

Meet Sarah Bradley, Ombudsman and Chief Executive Officer at the Ombudsman for Banking Services and Investments (OBSI). The organization resolves disputes between participating banking services and investment firms and their customers if they can't solve them on their own.

We recently sat down with Sarah to talk about important developments and her message to investors. Full interview


Making a Complaint

If you have a complaint about an investment product or service, your first step is to contact the financial institution. Start with the person or firm that you dealt with and put your complaint in writing as soon as possible. Once you have made your complaint, your firm has up to 90 calendar days to respond in writing. Learn more

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Telephone Townhall on June 9

Join our June 9 seniors-focused telephone townhall on protecting Ontarians from investment fraud and financial abuse. Our telephone townhalls connect with thousands of Ontarians at a time, in the comfort of their own home, and work much like a call-in radio show where OSC staff provide information, answer questions and conduct live polls over the course of one hour. Register today 

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Ban on Deferred Sales Charges

The Ontario Securities Commission (OSC) is moving to ban deferred sales charges (DSC) on mutual funds in Ontario. Under the rule, the payment of upfront sales commissions by fund organizations to dealers will be prohibited, harmonizing the DSC ban across Canada.

The payment of upfront sales commissions to dealers gives them an incentive to sell mutual funds that impose redemption fees on investors if they sell their holdings before a certain time period. Learn more

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Types of Mutual Fund Fees

You may directly or indirectly pay fees and expenses when investing in mutual funds. These fees reduce the return you get on your investment. You may pay varying one-time sales charges, ongoing management fees and other transactional costs and account fees depending on which funds you buy, how you buy them and what accounts you hold them in. Learn more

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Information and the Investor Experience

As an investor, you likely get your information from several sources such as news reports, professional advice, financial statements and disclosures, and perhaps conversations with family and friends. Our latest investor snapshot, Information and the Investor Experience, comes from this study and gives a deeper understanding of how information is used and its challenges. Learn more

microphone and CIPF logo

The Canadian Investor Protection Fund (CIPF) podcast channel is now live. Listen to their discussions on the independence of compensation funds, leadership in times of crisis, lessons learned from past crises and more. Listen now

CIPF provides limited protection for property held by a CIPF member firm on behalf of an eligible client, if the firm becomes insolvent. CIPF's mandate was established by Canada's provincial and territorial securities regulators, including the OSC.




Proposed Amendments to NI 14-101 Definitions and Consequential Amendments

Comments due: July 21, 2021

The CSA are proposing amendments related to a uniform definition of "Canadian financial institution" and a revised definition of "Handbook." Learn more


Proposed Framework for Commodity Benchmarks

Comments due: July 28, 2021

Canadian securities regulators, including the OSC, proposed a framework for the designation and regulation of commodity benchmarks and the persons or companies that administer them. Learn more


Proposed Amendments to OSC Rule 25-501 & Proposed Changes to Companion Policy 25-501

Comments due: July 28, 2021

The OSC published a separate notice of proposed amendments to OSC Rule 25-501 and the CP regarding commodity benchmarks.

OSC Rule 25-501 is based on, and consistent with, Multilateral Instrument 25-102 Designated  Benchmarks  and  Benchmark  Administrators (MI 25-102) of the Canadian Securities Administrators (CSA). Consequently, for additional background and other information, please see the CSA Notice of MI 25-102 and Companion Policy dated April 29, 2021. Learn more




Investment Scam involving Fidelity Investments

The Canadian Securities Administrators (CSA) is warning the public about an investment scam claiming to represent Fidelity Investments.

The scam provides investors with documents outlining two investment opportunities that purportedly offer a guaranteed and high rate of return on the investments. The “Fidelity Capital Protected Fixed Income Fund” and the “Guaranteed Investment Bond” are not products offered by Fidelity Investments. 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.


Sunil Tulsiani

The OSC is warning Ontario investors regarding the conduct of Sunil Tulsiani, who is permanently banned from trading securities in Ontario, and pleaded guilty to Securities Act offences in 2017. The OSC is aware of events being hosted by Mr. Tulsiani’s Private Investment Club. Learn more



Aquilabit, found at www[dot]aquilabit[dot]com, is not registered in Ontario to engage in the business of trading in securities. Learn more


Bittrey Network

Bittrey Network, found at www[dot]bittreynetwork[dot]com, is not registered in Ontario to engage in the business of trading in securities. Learn more


COVID-19 Fraud Alerts

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

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.

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

Pump-and-dump scams. This is a type of investment fraud where fraudsters artificially increase the price of a stock that they own by encouraging other investors to buy it. 

Work from home scams. Be on alert for fraudsters offering fake job opportunities.


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.

  • May 20, 2021 - Webinar 
  • May 28, 2021 - Webinar 
  • May 31, 2021 - Webinar 
  • May 31, 2021 - Webinar 
  • June 1, 2021 - Webinar 
  • June 2, 2021 - Webinar 

Learn more

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Here are 5 tips to assess your financial advisor.

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