Canadian Regulator CSA Alerts Registrants to Impersonation Scam

On February 21, 2024, the Canadian Securities Administrators (CSA), the council of the securities regulators of Canada’s provinces and territories coordinating regulation for the Canadian capital markets, issued a warning to registrants over the emails impersonating Stan Magidson, CSA Chair and Chair and CEO of the Alberta Securities Commission.

The emails are believed to be malicious "spear phishing" attempts by unknown individuals to obtain personal data or confidential business information.

CSA is monitoring the matter. The spear phishing attempts came from an external source and the CSA system was not compromised.

The CSA strongly urges anyone receiving an email from the CSA to consider the following:

• Is the message from a real, consistent and verifiable email address?
• Is the message from someone you know who works at the CSA or one of its member organizations?
• Were you expecting this email?
• If you have clicked on a link, or opened an attachment, it is important that you take immediate steps to change your email password.