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.”

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Local doctor cautions Revelstokians as skatepark reopens

Dr. Bret Batchelor reminds people the pandemic is not yet over

$30,000 over 30 weeks for local causes

Send us your good stories and you could win money for your favourite cause

Revelstoke elementary students write poetry about coronavirus

‘You wish you were free like a black bear’

Glimpses of Revelstoke’s past for June 4

Items from Revelstoke newspapers, as gleaned and edited by Cathy English, curator… Continue reading

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Crews building structure at former Summerland train station site

West Summerland Station will pay tribute to railway history, serve as trail marker

Kelowna Mountie who punched suspect identified, condemned by sister

‘How did he get away with this? How is this justifiable?’

Vernon protesters take Black Lives Matter movement to park

A handful of demonstrators raised fists, signs in solidarity Friday

Police watchdog investigating Lake Country incident

A man was taken to hospital after the June 3 incident

Community backlash over Black Lives Matter rally in Kelowna

Some members of Kelowna’s black community stated they don’t support Friday’s rally

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park at large

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read