The Canadian Centre for Elder Law and FAIR Canada released a joint report that offers 6 recommendations to encourage and support the investment industry to better protect vulnerable investors against exploitation and financial abuse.
Vulnerable Investor Protective Action and Legal Safe Harbour Project which led to the release of this report "considers the development of a conduct protocol and a practical mechanism that will allow Canadian financial services firms and investment advisors to take urgent, short-term protective action for the benefit of vulnerable consumers. This project will ensure that the consumer has their self-determination respected, including the right to make ill-advised or risky decisions, while exploring the balancing of individual vulnerable consumers’ rights to privacy."
Source: Canadian Centre for Elder Law
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