MONTREAL, June 15, 2022 /CNW Telbec/ – As a part of World Elder Abuse Consciousness Day (WEAAD) on June 15, 2022, the Canadian Securities Directors (CSA) is launching a public consciousness marketing campaign targeted on serving to older adults establish and shield themselves towards monetary abuse and scams.
Monetary abuse is the commonest type of elder abuse and might change into extra pervasive amongst older adults who discover themselves weak, maybe after the dying of a love one or as a result of sickness. The marketing campaign, which can be shared by means of the CSA and its members’ social media channels, will illustrate a number of monetary scams that focus on older adults in Canada. It should additionally embody ideas to assist older adults and their relations, caregivers or pals spot the warning indicators and guard towards fraud.
“Recognizing widespread scams is one of the best first line of protection older adults have to guard themselves from monetary abuse,” stated Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers. “The monetary penalties will be particularly devastating for many who are not in a position to work to regain misplaced funds. We wish  to construct consciousness of economic abuse amongst older Canadians, and encourage grownup kids, caregivers and pals to establish and reply to potential monetary misconduct.”
Canadians can take motion and stop monetary abuse of older adults by:
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Speaking about their monetary issues with them.
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Studying to acknowledge and keep away from funding scams. Go to the CSA web site to seek out essential info and useful assets about fraud prevention.
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Taking the time to research each funding alternative or gross sales pitch, in addition to the individual selling the funding, earlier than handing over cash. Should you’re not sure about an funding, contemplate looking for unbiased, third-party recommendation.
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Reporting funding fraud to their provincial or territorial securities regulator. Reporting potential scams might assist stop others from turning into victims of funding fraud.
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Throughout Canada, the CSA and its members are engaged on numerous initiatives all through June to assist Canadians detect, stop and reply to the monetary abuse of older adults:
British Columbia: The British Columbia Securities Fee (BCSC) is collaborating in WEAAD with a digital marketing campaign encouraging individuals to #RejectFinancialAbuse. The marketing campaign features a video addressing the affect that monetary abuse and funding fraud can have on older adults in B.C. The video is made in partnership with CanAge and is out there for viewing on the Elder Monetary Abuse web page on InvestRight.org. Different marketing campaign parts embody articles on the right way to begin conversations about elder monetary abuse and the worth of selecting a Trusted Contact Individual, a web based publication challenge, and social media posts utilizing customized graphics with the hashtag #RejectFinancialAbuse all through June.
Alberta: The Alberta Securities Fee (ASC) is connecting with older Albertans to empower them to make clever funding choices whereas offering the instruments and data to acknowledge, keep away from and report monetary abuse and fraud. This June, the ASC is proud to once more sponsor and converse at THIRD ACTion, an age-positive, province-wide digital movie pageant, along with participating older adults and those that take care of them by means of digital and in-person occasions and packages. The ASC can also be launching an audio information launch and an article for accomplice group organizations to boost consciousness of the latest Trusted Contact Individual investor safety laws. Albertans are inspired to go to CheckFirst.ca, the investor training web site of the ASC, and subscribe to obtain the newest investing articles, info and occasion particulars.
Saskatchewan: The Monetary and Client Affairs Authority of Saskatchewan (FCAA) needs seniors to know who they need to contact if they’re a sufferer of funding fraud. The FCAA is collaborating in WEAAD by encouraging seniors to study concerning the warning indicators of economic abuse and to report any monetary fraud to the FCAA. Via a information launch and social media posts, the FCAA hopes to arm seniors and relations with the data they should shield themselves and their family members. The FCAA’s web site has details about widespread frauds, pink flags and preventative steps so seniors can maintain their funds protected and out of the fingers of fraudsters.
Manitoba:Â In recognition of June Seniors’ month and WEAAD, the Manitoba Monetary Companies Company (MFSA) and MoneySmart Manitoba will as soon as once more accomplice with CJNU 93.7 FM to supply particular financially-focused info for older adults. Older Manitobans, relations, these in help roles and group professionals are inspired to tune in all through the month for interviews with native specialists on a wide range of essential subjects. Visitors will embody:
The marketing campaign may even characteristic public service bulletins on monetary planning, inter-generational discussions about cash issues, and stopping elder monetary abuse.
Free senior monetary training kits can be out there to the general public, containing assets similar to “My Private Affairs Report Keeper” and different publications.
Manitobans are inspired to take a look at moneysmartmanitoba.ca for a bunch of economic assets and knowledge, subscribe to our standard MoneySmart Manitoba publication, and share their ideas on Twitter, Fb and Instagram.
Ontario: Â The Ontario Securities Fee (OSC) celebrated Seniors Month in June with a number of training and OSC within the Group outreach occasions targeted on fraud prevention. A particular seniors-focused Phone Townhall was held on June 15. The OSC launched a brand new Trusted Contact Individual academic video as a follow-up to its coverage initiative to guard seniors and weak traders.
Investor Information featured gadgets of curiosity to seniors, together with an article to assist seniors keep away from turning into victims of grandparent (or emergency) scams. Ontario seniors and their households can discover many useful articles about monetary literacy and fraud prevention on GetSmarterAboutMoney.ca and thru our standard social channels on Fb, Twitter, YouTube and Instagram.
Québec: https://lautorite.qc.ca/en/general-public/fraud-prevention/preventing-elder-financial-abuse/Elder abuse consciousness stays a relentless precedence for the Autorité des marchés financiers (AMF). In June, primarily by means of its social media, the AMF is elevating consciousness of economic elder abuse and exploitation. The AMF will promote prevention methods and supply the final inhabitants, in addition to trade members, with the data on the right way to acknowledge and reply to indicators of economic abuse. Members of the trade are reminded to be alert to any clues that might reveal the incidence of monetary abuse amongst their purchasers and to take a look at the sensible information for safeguarding weak purchasers, which proposes potential programs of motion to guard weak purchasers, in addition to a fast reference doc that can assist them detect monetary mistreatment.
The AMF additionally actively takes half within the Quebec Governmental Motion Plan to Counter mistreatment of Older Adults.
New Brunswick: In honour of WEAAD and Seniors Month, the Monetary and Client Companies Fee of New Brunswick (FCNB) is launching a brand new web site devoted to serving to older adults put together for and shield their retirement. The brand new web site, Funds50Plus.FCNB.ca, is designed with accessibility in thoughts and can home info that can assist educate older adults, household and caregivers, and trade professionals concerning the indicators of economic exploitation. Among the assets housed on the brand new web site embody instruments and knowledge to assist:
The web site additionally options 9 new movies on subjects like selecting a Trusted Contact Individual, Non permanent Holds, the significance of property planning and extra. For a extra interactive expertise, guests to the location can e book a free presentation about frauds and scams focusing on older adults and indicators of economic abuse and exploitation.
Nova Scotia: All through Seniors Month in June, the Nova Scotia Securities Fee can be sharing investing content material related for seniors, their households, and caregivers. The entire Fee’s investor training supplies which have been developed for seniors will be discovered on its Investing Info for Seniors webpage. New weblog posts on seniors points will concentrate on the significance of naming a trusted contact individual, and why an adviser may have to put a brief maintain. Fee workers have been on the Halifax Central Library on June 14 to ship a presentation on Recognizing Monetary Elder Abuse & Funding Fraud. Throughout this informative session attendees realized what monetary elder abuse is, among the vulnerabilities and warning indicators, and what to do should you suppose a liked one could also be a sufferer.
The CSA presents plenty of investor instruments and assets at www.securities-administrators.ca to assist Canadians be told traders. It additionally gives beneficial ideas, information and developments to followers of @CSA_News on Twitter and @CSA.ACVM on Fb.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
SOURCE Autorité des marchés financiers
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