Securities Arbitration Lawyers BlogThe SEC Guide to Protecting Seniors Against Investment Fraud
The SEC guide offers a variety of suggestions to help senior citizens protect their assets from fraud
An estimated 7.3 million American seniors have been victimized by financial or investment fraud, and most experts believe that elder financial fraud is becoming more of an issue as the population ages. Each year, the SEC shuts down and investigates millions of dollars’ worth of investment scams aimed at seniors and other vulnerable groups. That means it’s never been more important to understand the signs of financial abuse, and a new guide published by the SEC’s Office of Investor Education and Advocacy helps seniors do just that. In a nutshell, here’s what it says: