Submitted by nsscadmin on
June is Seniors Month. Throughout the month we’ll be sharing investing content that is relevant for seniors, their families, and caregivers.
On our website, all investor education materials that have been developed for seniors can be found in one place on our Investing Information for Seniors webpage.
On this webpage you’ll find basic investing information on a variety of topics including, investment accounts, investment fees, registration, investment risks, financial elder abuse, and more.
You’ll also find our online guide: Safe Investing for Seniors: Recognizing fraud and financial elder abuse and our two printable information sheets:
Protecting Seniors from Investment Fraud
Financial Elder Abuse: Know the Signs, Know What to Do
Our Investing Information for Seniors page also includes links to our two seniors’ video series.
Our first series of videos is on Financial Elder Abuse. It looks at what financial elder abuse is, how to recognize the vulnerabilities and warning signs of abuse, and what to do if you think someone may be a victim. This three-part series includes:
Part 1: Are you or a loved one vulnerable to financial elder abuse?
Part 2: What are the warning signs of financial elder abuse?
Part 3: Start the conversation. Talking about financial elder abuse.
Our second seniors’ videos series, “What does financial elder abuse look like?” examines several specific examples of financial elder abuse to help you recognise some of the common ways seniors can be taken advantage of financially. The three-part series includes:
Throughout June the Commission will also continue to highlight new amendments to securities laws at the end of 2021 to enhance protections for older and vulnerable investors. These enhanced protections included encouraging investors to assign a trusted contact person and allowing advisers to institute a temporary hold if they suspect abuse, or in other very specific instances. Watch our blog and social channels, including Twitter and LinkedIn for more information on trusted contact persons and temporary holds.
The Commission will present Recognizing Financial Elder Abuse & Investment Fraud at the Halifax Central Library on Tuesday, June 14 from 12-1 p.m. During this informative session attendees will learn what financial elder abuse is, some of the vulnerabilities and warning signs, and what to do if you think a loved one may be a victim. We will also examine the red flags of investment fraud to help attendees recognize and avoid investment fraud.
