The Canadian Securities Administrators (CSA) issued an investor alert warning that fraudsters are circulating false email documentation using CSA branding and the names of CSA executives to promise recovery of funds lost to fraud. Multiple individuals have received the documentation, and the CSA urged vigilance around unsolicited messages, particularly those offering fund recovery for a fee or requesting personal information. The alert stresses that the CSA and its members will never ask investors to send money, promote investments or fund recovery services, or make unsolicited calls, emails or texts requesting payments connected to enforcement actions or investigations. Recipients of suspicious communications are advised to verify authenticity by contacting their local securities regulator directly using official channels, rather than replying or relying on contact details provided in the message.
Canadian Securities Administrators 2025-03-14
Canadian Securities Administrators warns investors about fraudsters impersonating the CSA in fund recovery scams
The Canadian Securities Administrators (CSA) issued an alert warning of fraudulent emails using CSA branding and executive names to promise fund recovery. The CSA emphasized that it never solicits money or personal information through unsolicited communications. Investors are advised to verify suspicious messages with their local securities regulator via official channels.