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Keyword: Financial abuse

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red warning flag on a stormy beach

Advisors must be "prepared to talk to clients in crisis"

beautiful senior couple having a walk along embankment, man with cane

A report finds that suspected exploitation quadrupled between 2013 and 2017

Canadian money in the black wallet

Regulators and dealer firms have been slow to come up with a clear process for financial advisors to handle suspected cases of elder financial abuse. But they have begun to show a willingness to develop workable solutions.

loseup portrait senior man protecting a piggy bank

The effects of financial abuse frequently go well beyond the pocketbook

  • By: IE Staff
  • June 18, 2018 August 15, 2019
  • 06:00
loseup portrait senior man protecting a piggy bank

The pair took “extreme financial advantage” of a vulnerable senior

Scenic mature couple holding hands together and looking abroad during retirement vacation

Aging investors seen as particularly vulnerable to financial fraud, unsuitable investments and other risks

IFIC, FAIR Canada and the CCEL favour empowering firms and advisors to stop suspected financial abuse

Excited happy senior business man sitting on a floor with piggy bank under a money rain isolated on gray wall background.

Uniform standards to protect U.S. investors take effect

Investment industry firms urged to do more to prepare for and respond to the needs of vulnerable investors

Seniors now make up 19.9% of New Brunswick’s population — the highest percentage in the country.