Securities Arbitration Lawyers BlogHow the SEC is Protecting Elderly Investors from Financial Exploitation
The SEC National Exam Program concentrates on monitoring risks specific to elderly and retiring investors, at a time when it is needed most
Here’s the good news: in United States, people are living longer. As a result of this trend, the aging population in the U.S. is becoming more and more dependent upon their own investments for retirement income than ever before.
The bad news: This dependency upon retirement investments opens the door for fraudulent financial firms and advisers to take advantage of the elderly when managing their funds, an activity known as elder financial fraud.