The effects of financial abuse frequently go well beyond the pocketbook
The pair took “extreme financial advantage” of a vulnerable senior
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
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
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)
It’s critical for seniors to understand how to protect themselves from financial abuse given that the majority of cases will involve people who are close to them