Investopedia's Definition of Securities Fraud:
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A type of serious white-collar crime in which a person or company, such as a stockbroker, brokerage firm, corporation or investment bank, misrepresents information that investors use to make decisions.
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Securities Fraud can also be committed by independent individuals (such as by engaging in insider trading).
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The types of misrepresentation involved in this crime include providing false information, withholding key information, offering bad advice, and offering or acting on inside information.
https://www.investopedia.com/terms/s/securities-fraud.asp
Do the necessary research, study and analysis before making any investment decisions including choosing an advisor.
Nova Scotia Investment Fraud Cases:
In a lawsuit filed against Quadrus, the couple said Dunbar convinced them to remortgage their home and invest both their pension funds, as well as some of their daughter's money — an estimated total of more than $1 million. They knew him for 12 years.
The charge involved 201 people who invested more than $4 million through Jabez Financial Services Inc. -- a Windsor, N.S., company. It was a company and researching the company and it's advisors may have saved the investors from financial losses.
Quadrus: https://www.cbc.ca/news/canada/nova-scotia/glenn-dunbar-quadrus-investment-services-fraud-million-guilty-1.4065594