With more than 7.3 million Americans over the age of 65 admitting they have been financially swindled, state securities regulators are teaming up on a number of fronts to stop con artists in their tracks.
Launched today, the Elder Investment Fraud and Financial Exploitation prevention campaign aims to educate medical professionals on how to spot older Americans who may be particularly vulnerable to financial abuse and then refer suspected investment fraud involving them to state securities regulators and local adult protective service agencies.
Several red flags include recent changes in appearance, if an elderly person has given a durable power of attorney to someone, if they have asked to change their will or if they are depressed.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
