MONTREAL - Victims of financial fraud are fighting back by creating a new national organization that will advocate for Canadians swindled by white-collar criminals.
The group is being launched by children of the alleged victims of accused Ponzi schemer Earl Jones.
Joey Davis, the son of one of the victims, says there is a void when it comes to helping the victims of financial fraudsters.
Davis says the coalition of victims will lobby governments for tougher penalties and push for a single stock-market regulator.
The idea of a national securities regulator is popular with the federal government and many businesses but faces stiff resistance from some provincial politicians - particularly in Quebec.
Davis says the group will also have an online presence that will allow victims to interact on a web site and remind them that they're not alone.
The group is inspired by similar victims' rights groups founded in the wake of the financial scandal involving Bernie Madoff in the United States.
