In the U.S., Stanford University’s Center on Longevity and the FINRA Investor Education Foundation have joined together to launch the Research Center on the Prevention of Financial Fraud, an interdisciplinary resource for law enforcement, government and research groups studying financial fraud.
On November 3rd & 4th the Research Center will host its inaugural conference, The State and Future of Financial Fraud, on financial fraud research, prevention and detection. The conference will bring together policymakers, researchers, practitioners, law enforcement, advocacy groups and other stakeholders to discuss actionable implications of the latest research and evidence-based programs that successfully arm consumers against fraudulent tactics. Senior public officials, including SEC Chairman Mary Schapiro, and leading researchers will deliver keynote addresses and the conference will feature profiles of fraud victims and perpetrators. The event is free and open to interested participants.
FAIR Canada issued a Report in February 2011 calling on the federal and provincial governments and regulators to take a coordinated approach to combating financial fraud in Canada. The Report called on government to consider four key recommendations, chief among them being the implementation of a more unified national approach to fraud detection and prevention, prosecution and most importantly, investor compensation. FAIR Canada also called on governments and regulators to convene a summit on how Canada can do a better job combating financial fraud.
