Half of B.C. millennial women at risk of investment fraud: survey

Only 13 per cent of seniors are at risk, the securities commission found

  • Mar. 6, 2018 7:55 a.m.

Almost half of millennial women said they were interested in a fraudulent investment offer, according to a poll released by the British Columbia Securities Commission this week.

The BCSC asked 500 people if they were interested in an investment offer that “guaranteed” returns of up to 25 per cent at “no risk.”

Survey results found that although the claim had several warning signs of investment fraud, 47 per cent of women aged 18-34 said they would look into the offer.

Just over one-third of men in that age bracket had the same opinion.

Of the general population, 26 per cent of respondents said that the investment offer was “worth looking into.”

That number was pushed down by older residents: of those aged 55 and over, only 13 per cent were interested in the fraudulent offer.

That number has halved since 2012, when 26 per cent of residents 55 and over were vulnerable to investment fraud.

“Investors should always be skeptical of anyone offering a risk free investment with an unusually high return, because there’s no such thing,” said director of communication and education Pamela McDonald.

“We encourage investors to look carefully at every investment they make, but also to listen to your gut. If something doesn’t make sense, or doesn’t feel right, we encourage you to contact the BCSC.”

Just Posted

Vancouver Island pharmacist suspended for giving drugs with human placenta

RCMP had samples of the seized substances tested by Health Canada

Expect traffic delays at Burnside and Douglas this week for new bus lanes

Prep work runs Tuesday through Thursday while paving takes place Friday

Lawyer questions rejection of visitors to Goldstream homeless campers

Activist Chrissy Brett says they are still in fear of being kicked out

Victoria police searching for missing 18-year-old

Austin Bennett-Frechette is known to frequent the Greater Victoria Public Library

Small homeless camp removed at Horth Hill Regional Park in North Saanich

CRD staff say the camp is not connected to Camp Namegans in Goldstream

UrbaCity raises record-breaking $70,000 for Island Prostate Centre

240 racers, corporate sponsors fill the coffers for the cause

Vancouver Island designated as foreign trade zone

Designation simplifies importing and exporting and provides duty relief

Edmonton cannabis company revenues more than triples to $19.1 million

Aurora Cannabis revenues more than triple in fourth quarter

Seattle one step closer to NHL after arena plan approved

Seattle City Council unanimously approved plans for a privately funded $700 million renovation of KeyArena

Harvest Moon to light up B.C. skies with an ‘autumn hue’

It’s the first moon after the autumn equinox

Hockey league gets $1.4M for assistance program after Humboldt Broncos crash

Program will help players, families, coaches and volunteers after the shock of the deadly crash

Canada has removed six out of 900 asylum seekers already facing U.S. deportation

Ottawa had said the ‘overwhelming majority’ had been removed

Most Read