Canadian Regulators Paying More Attention to Senior Investors

Posted on June 9th, 2015 at 4:44 PM
Canadian Regulators Paying More Attention to Senior Investors

From the Desk of Jim Eccleston at Eccleston Law LLC:

The Ontario Securities Commission is stepping up its efforts to protect seniors.

The regulator is concerned that nearly 60% of older Canadians experience some sort of major event, including lost income or investments, which has a significant impact on their financial plans.

Additionally, seniors particularly are vulnerable to investment and sales tactics that do not address their unique investing needs. That includes shorter investment horizons and fixed or limited income. Furthermore, research has estimated that 60 out of every 1,000 seniors have been victims of fraud. Finally, the Ontario Securities Commission is attempting to identify opportunities for regulatory action in order to better assist seniors who face complex investment choices.

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law LLC, James Eccleston, eccleston, Eccleston Law, Ontario Securities Commission,

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