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 often 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 that largely granted external auditors immunity against shareholder lawsuits ? that have led to a proliferation of corporate scandals 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 the financial deceptions, 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 investors, as well as how most conventional protections have been stripped away from stakeholders. Why invest in Canada when your money can so easily be lost? 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.

Easy Prey Investors: Why Broken Safety Nets Threaten Your Wealth

Business & Money

Rosen, Mark

Rosen, Al

Investing

McGill-Queen's University Press

A guide to repairing a failing company presents ideas on cutting expenses, designing a turnaround program, handling creditors, and dealing with banks and financial institutions

Business Rescue: How to Fix a Company That's Losing Money

Business Univ Pr

As an investor in today’s market, you are on your own: you need to arm yourself with the right information, learn to read between the lines of financial reports and statements, and follow the money when you suspect that accounting tricks are in play to produce misleading results or offer false prospects. Swindlers challenge the idea that the average Canadian can expect fair treatment and a fair return when investing their money; clearly there is one set of rules for the wealthy and another for the rest of us. Is the system broken? Or is it working exactly the way it should for those it is designed to benefit? Is Canada really better at financial regulation than the United States or is it 80 years behind?

Swindlers: Cons & Cheats and How to Protect Your Investments from Them

Finance

Madison Press Books

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Books by Rosen, Al