Regulatory Alerts2026-06-15
Added · Updated
CSA shares tips to help protect seniors from fraud and financial abuse
The Canadian Securities Administrators (CSA) warns Canadians about the growing risk of fraud and financial abuse targeting older investors, particularly as fraudsters exploit digital platforms and artificial intelligence. The CSA encourages investors to limit sharing personal information online, be wary of unsolicited investment offers, verify registration via AreTheyRegistered.ca, and avoid pressure to make quick financial decisions. Additionally, the CSA reminds investors of the importance of naming a Trusted Contact Person on their investment accounts as a safeguard against financial exploitation, clarifying that such a person has no authority over the account or access to information.
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