New measure from Alberta, Saskatchewan securities regulators meant to increase investment potential for startups
The securities regulators in Alberta and Saskatchewan recently adopted a new measure designed to provide greater access to capital for businesses and broaden investment opportunities for investors in the region.
“This new exemption should expand the pool of potential investors in early stage businesses.”
The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) have adopted a new prospectus exemption that allows investors who self-certify to having certain financial and investment knowledge to invest alongside accredited investors.
“This new financing tool will allow investors who have financial or investment education, such that they can appreciate the risks of investing, to invest alongside accredited investors,” said Stan Magidson, chair and CEO of the ASC.
Canadian Securities Regulators Remind Investors To Do Their Research During Fraud Prevention Month Date
09/03/2021
The Canadian Securities Administrators (CSA) has launched a digital campaign for Fraud Prevention Month this March to remind Canadians to “get the full picture” before making an investment decision. The bilingual campaign encourages Canadian investors to use the unbiased tools and information available on the CSA’s website to ensure an investment is right for them and to avoid investment fraud.
“We want to arm investors with the knowledge and confidence they need to make informed investment decisions,” said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “Incidences of fraud are on the rise and the best way to protect yourself is to become financially knowledgeable and research every investment opportunity.”
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