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.
The aging of Canada’s population raises challenging legal, regulatory and ethical questions
Many homeowners are feeling pressured to sell to help finance their retirement
A client’s age has taken on an overly important role when advisors determine suitability of investments for clients
The effects of financial abuse frequently go well beyond the pocketbook
ASC’s annual investor study sheds light on Alberta seniors’ financial security
One-in-four seniors fear they might run out of money before they die
Measures in the OSC’s Seniors Strategy are being adopted elsewhere
The pair took “extreme financial advantage” of a vulnerable senior
The Ontario Securities Commission’s Senior Strategy aims to address the changing needs and priorities of older individuals