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Fraud Alert

MD Financial Management (MD) was recently made aware that a number of spam and/or phishing* emails are being sent that appear to have come from MD (or one of its subsidiaries1) and the Canadian Medical Association (CMA). In one instance, users are directed to send private information to a third-party email address. In another, for a fee they are offered access to a short-term loan from someone claiming to represent MD Private Trust.

MD and the CMA never ask clients to send private information via unencrypted email and never request up-front fees for services.

In the event that clients receive a message fitting either of these scenarios, MD asks that they do not reply to the email and report the incident to the MD and CMA Enterprise Security Team at, as well as the RCMP Canadian Anti-Fraud Centre at 1 888 495-8501. United States residents who receive such fraudulent solicitations are advised to report the incident to their local FBI field office.

*Phishing is a fraudulent process used by spammers to acquire confidential information such as usernames, passwords, and credit card details. Email recipients are often deceived by phishing attempts since the messages appear to have been sent by legitimate and trustworthy sources.

1 MD Financial Management includes MD Financial Management Inc., MD Management Limited, MD Private Trust Company, MD Life Insurance Company and MD Insurance Agency Limited.