This Court cases teaches investors many lessons

We urge investors to read this judicial decision . It has a number of lessons that can help ordinary Canadians prevent a lot of problems.

Here are a few:

• Contact the applicable regulator to check on the background of your advisor
• Understand that advisors are not required to act in your Best interests
• Understand that many advisors are paid by sales commissions
• When filling in forms, be modest about your investment knowledge , risk tolerance  investment experience and financial position. Never leave any block blank.
• Retain a signed  and dated copy of your account application form ( KYC )
• Place orders to buy and sell carefully and ensure trade confirmation slip matches your instructions. If not, contact the dealer immediately
• If not happy with action /explanation, file a formal complaint without delay
• Provide  KYC updates  to dealer when your personal situation changes

To review the case click here