As the baby boomer population grays, elder financial abuse has become more prevalent in today’s world. Elderly fraud victims can easily become confused by information on the internet, and are often trusting or cognitively impaired when scam merchants come calling at...
The Financial Industry Regulatory Authority (FINRA) is designed to help protect investors from unscrupulous brokers and financial firms. To that end, FINRA has recently adopted some new rules designed to help protect seniors from financial exploitation. Seniors and...
The Senior Safe Act was passed in 2018 to encourage brokers, advisors and other professionals in the investment industry to report suspected elder financial exploitation. The act grants immunity from legal liability in the event an employee makes a report in good...
Not all elder abuse is physical. Seniors face an increased risk of financial abuse. As they age, their mental state may decline, leaving them susceptible to exploitation. This occurs when someone takes advantage of a senior citizen who may be physically or mentally...
