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10 Tips for Online Investors
When you invest online, be sure you:
- Receive full disclosure, prior to opening your account,
about the alternatives for buying and selling securities and
how to obtain account information if you cannot access the
firm's Web site.
- Understand that most likely you are not linked directly
to the market, and that the click of your mouse does not
instantly execute the trade.
- Receive information from the firm to substantiate any
advertised claims concerning the ease and speed of online
trading.
- Receive information from the firm about significant Web
site outages, delays and other interruptions to securities
trading and account access.
- Obtain information before trading about entering and
canceling orders (market, limit and stop loss), and the
details and risks of margin accounts (borrowing to buy
stocks).
- Determine whether you are receiving delayed or real-time
stock quotes and when your account information was last
updated.
- Review the firm's privacy and Web site security policies
and whether your name may be used for mailing lists or other
promotional activities by the firm or any other party.
- Receive clear information about sales commissions and
fees and conditions that apply to any advertised discount on
commissions.
- Know how to, and if necessary, contact a customer service
representative with your concerns and request prompt
attention and fair consideration.
- Contact your state or provincial securities agency to (1) verify the
registration/licensing status and disciplinary history of
the online brokerage firm, or
(2) file a complaint, if appropriate.
Prepared by the North American Securities Administrators Association
Return to
Investor Information
For more information contact:
Tel: 867-975-6590
Fax: 867-975-6594
Legal Registries Division
Department of Justice
Government of Nunavut
P.O. Box 1000, Station 570
Iqaluit, NU X0A 0H0
General Enquiries
Legal.Registries@gov.nu.ca
Land Title Search Requests
LTOSearches@gov.nu.ca
Land Title Filings and Registrations
LTORegistration@gov.nu.ca
Corporate Search Requests
CorporateSearches@gov.nu.ca
Corporate Filings
CorporateRegistrations@gov.nu.ca
Securities
Securities@gov.nu.ca
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