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Keyword: Financial abuse

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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 June 18, 2018
  • 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.

Incidents of suspected abuse should be reported to authorities, regulators say

Elder abuse: Protect your clients and your practice

Matthew Urback flags key points in the estates process where advisors can act to protect both their clients and their practice from the impacts of elder abuse (Part 1 of 4)