Murray Wood: Who's hot and who's not
Every Friday, Murray Wood takes a look at the big news stories and decides who's hot... and who's not. This week's list ...
People in Saskatchewan are being warned about an impersonation scam on social media claiming that Premier Scott Moe is endorsing online investment platforms.
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) put out the warning on Wednesday.
“The FCAA informs Saskatchewan investors that Premier Scott Moe does not endorse or advertise any investment platforms,” the statement read.
Read more:
- Warnings issued for STARS Lottery, Carney investment scams in Saskatchewan
- Prime Minister Carney says Canada will recognize a Palestinian state
- Village of Pinehouse evacuated as Muskeg fire creeps closer, Beauval evacuees return
FCAA Securities Division Executive Director Dean Murrison advises people not to make investment decisions based on public figure endorsements.
“Scammers can create fraudulent news and social media articles that imitate the real media source. Before you consider investing with an entity, always check the registration status at aretheyregistered.ca and do not deal with any unregistered entities,” Murrison said in the statement.
In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.
FCAA said investors should always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives, get a second opinion and seek professional advice about the investment.
The Canadian Anti-Fraud Centre, which collects information on fraud and identity theft and provides information on past and current scams affecting Canadians, says that as of June 30, 2025, it had recorded 17,094 fraud victims across the country with reported losses of $342 million.
Fraud reports can be made online here.
