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Easy Prey Investors Al Rosen

Easy Prey Investors By Al Rosen

Easy Prey Investors by Al Rosen


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Summary

How obsolete court decisions, lawmaker inaction, and conflicted self-regulators are facilitating the theft of wealth and retirement savings in Canada.

Easy Prey Investors Summary

Easy Prey Investors: Why Broken Safety Nets Threaten Your Wealth by Al Rosen

Over the past twenty-five years, a series of actions, omissions, and failures by Canada's lawmakers and the purported gatekeepers of investors' rights have left Canadians' investments, pensions, and retirement savings at greater risk. Bodies such as provincial securities commissions have abandoned their obligations to safeguard investors and allowed published and audited financial statements in Canada to become unreliable. Yet these distorted financial statements are used by financial analysts who present them as accurate, leaving investors in the dark about serious risks and negative impacts on their savings. In Easy Prey Investors, investigative forensic accountants Al and Mark Rosen examine the circumstances - beginning with a 1997 Supreme Court of Canada ruling on the reliability of audited statements - that have led to the proliferation of Ponzi schemes and other financial manipulations, and a corresponding lack of accountability among auditors. Based on their many years of experience in major Canadian court cases involving collapsed companies, the authors reveal the full stories behind financial trickery and describe the disturbing consequences for investors. They show how a combination of inaction by lawmakers and illogical delegation of regulatory power to conflicted financial statement auditors has seriously harmed savers, as well as how most conventional protections have been stripped away from investors. Why save in Canada when money can so easily be stolen? Prying open doors too often sealed shut, Easy Prey Investors illuminates the unpleasant details of financial manipulation and suggests new ways to guide and protect investors and their families.

About Al Rosen

Al Rosen and Mark Rosen are co-founders of Accountability Research Corporation and have written columns for Canadian Business Magazine, The Financial Post, and Advisor's Edge Report. They both live in Toronto.

Additional information

NLS9780773559417
9780773559417
0773559418
Easy Prey Investors: Why Broken Safety Nets Threaten Your Wealth by Al Rosen
New
Paperback
McGill-Queen's University Press
2019-10-03
400
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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