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As new fraud trends emerge and scammers continue to prey on vulnerable seniors and their investments, regulators are coming together to discuss preventative strategies — and are calling upon financial advisors to do more to fight the exploitation of older at-risk Americans.
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The North American Securities Administrators Association’s (NASAA’s) continuing “Senior Issues and Diminished Capacity Committee” webcast series is giving authorities the chance to review recent threats and scams, education and training, and detailing “how the states, the SEC (Securities and Exchange Commission), FINRA (Financial Industry Regulatory Authority), and APS (adult protective services) agencies work together, and separately, to stop investor harm.”
Despite the best collective efforts of organizations like NASAA and the individual agencies’ enforcement programs in place, elder financial fraud…
