NSSC Blog: Before You Invest

Protect your loved ones from financial elder abuse

Submitted by nsscadmin on

Age alone does not make someone vulnerable or susceptible to financial elder abuse. If you are the child, caregiver or friend of an older adult there are signs to watch for that may indicate someone is vulnerable to financial elder abuse, or that they may already be a victim.

Some of the warning signs that someone may be vulnerable to financial elder abuse include the following.

They are socially isolated, depressed or lonely

Protect yourself from financial elder abuse

Submitted by nsscadmin on

Financial elder abuse is the most common form of elder abuse. As our population continues to get older elder abuse is becoming more common. This may be a major problem in Nova Scotia where the percentage of the population over 65 is greater than the percentage of the population under 15 for the first time ever.

If you are an older adult, or will soon be an older adult, there are ways you can protect yourself and your money from financial elder abuse.

June is Seniors Month

Submitted by nsscadmin on

June is Seniors Month. On the Nova Scotia Securities Commission website, you can find all of our investor education materials and information for seniors in one place – nssc.novascotia.ca/seniors

On this webpage you’ll find basic investing information on a variety of topics including, investment accounts, investment fees, registration, investment risk, financial elder abuse, and more.

Question of the Week: What happens to my shares if a company merges or is taken over?

Submitted by nsscadmin on

Last week we wrote about what happens to your shares if a company you’re invested in files for bankruptcy. That led to another question, what happens to the shares in a company if that company merges with or is taken over by another company?

When this occurs one of three things usually happens to shareholders of the soon to be defunct company.

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