It’s Financial Literary Month in Canada

November 07, 2013

BBB teams up with IIROC to help educate investors

November 1, 2013 (Toronto, Ontario) – November is the Financial Literacy Month in Canada and Better Business Bureau is teaming up with the Investment Industry Regulatory Organization of Canada (IIROC) to spread the word and offer a variety of investor education tools and resources.

The centerpiece of the effort is IIROC’s recently launched online Glossary of Financial Certification, which is designed to help Canadians make sense of the variety of certifications in use. BBB also supports IIROC’s AdvisorReport, an online searchable database geared towards helping Canadians check backgrounds and disciplinary histories when selecting or working with an advisor at an IIROC-regulated firm.

“IIROC offers terrific resources that will help consumers make smarter investment decisions and avoid scams,” said Spencer Nimmons, Vice President of Business Relations for the Council of Better Business Bureaus (CBBB). “BBB is pleased to be part of this effort, and we look forward to working with IIROC to get these materials into the hands of consumers across the country.”

“Financial Literacy Month is an opportunity for Canadians to stop and think about their financial goals and whether they have the knowledge and information needed to make informed decisions,” said IIROC President and Chief Executive Officer, Susan Wolburgh Jenah.

BBB and IIROC recommend the following education tools and resources for Canadians looking to plan their future financial investments:

  • IIROC’s AdvisorReport to check the background, education and disciplinary history of an advisor working for an IIROC-regulated firm;

  • Information on how to make a complaint to a firm or to IIROC directly;
  • Best practices and insights from international financial literacy and investor education practitioners who participated in the 2013 global conference, hosted by IIROC in June 2013.