Seniors, Protect Yourself Against Investment Fraud
Author | : |
Publisher | : |
Total Pages | : 116 |
Release | : 2007 |
Genre | : Fraud |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 116 |
Release | : 2007 |
Genre | : Fraud |
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Total Pages | : 18 |
Release | : 2007 |
Genre | : Fraud |
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Total Pages | : 18 |
Release | : 2007* |
Genre | : Fraud |
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Total Pages | : 108 |
Release | : 2007 |
Genre | : Fraud |
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Total Pages | : 15 |
Release | : 2016 |
Genre | : Fraud |
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Author | : United States. Congress. Senate. Special Committee on Aging |
Publisher | : |
Total Pages | : 388 |
Release | : 2006 |
Genre | : Consumer protection |
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Author | : U.S. Securities and Exchange Commission |
Publisher | : GPO FCIC |
Total Pages | : 24 |
Release | : 2009 |
Genre | : |
ISBN | : 9781612210155 |
Learn how to check out an investment sales pitch for legitimacy; recognize warning signs of fraud, types of fraud, and what to know about "senior" specialists and advisers.
Author | : Office of Compliance Inspections and Exa |
Publisher | : Createspace Independent Pub |
Total Pages | : 46 |
Release | : 2014-07-13 |
Genre | : Business & Economics |
ISBN | : 9781500500771 |
With the aging of the baby boom generation, a growing number of our nation's investors are at or near retirement age. Indeed, data presented at the first “Seniors Summit” held by the Securities and Exchange Commission (SEC) in July 2006 indicated that 75% of the nation's consumer financial assets, valued at $16 trillion, are held by households headed by someone who is 50 or older. Within the next 20 years, 75 million people will have celebrated their 60th birthday. Because these “senior investors” are a growing segment of investors, financial services firms are increasingly focusing their marketing and sales of investment products towards the senior investor or those investors nearing retirement age. Within this broader context, securities regulators are concerned about the possibility of unscrupulous and abusive sales practices and investment frauds targeted towards senior investors. In fact, some data indicates that although individuals aged 60 or older make up 15% of the U.S. population, they account for 30% of fraud victims.In response to this concern, in May 2006, the SEC and the North American Securities Administrators Association (NASAA) announced a coordinated national initiative designed to protect seniors from investment fraud and sales of unsuitable securities. Working together with the NASD and the NYSE Member Regulation Inc. (now consolidated as the Financial Industry Regulatory Authority, or FINRA), the SEC and NASAA initiative includes three components: active investor education and outreach to seniors and those nearing retirement age; targeted examinations to detect abusive sales tactics aimed at seniors; and aggressive enforcement of securities laws in cases of fraud against seniors. This joint and collaborative initiative by securities regulators is designed to build on the existing efforts that each regulator had underway, toward a shared mission to protect senior investors. This initiative is active and ongoing.As part of this effort to protect senior investors, regulators initiated a series of coordinated on-site examinations of broker-dealers, investment advisers and other financial services firms that offer so-called “free lunch” sales seminars. These seminars are widely offered by financial services firms seeking to sell financial products, and they often include a free meal for attendees. Sales seminars are often advertised in local newspapers, through mass-mailed invitations, mass-email, and on websites. While specific data is not available regarding the actual number of sales seminars being conducted, regulators believe that the number of sales seminars has increased in recent years, as financial services firms are increasingly seeking to provide advice to seniors and those approaching retirement.
Author | : D. Shadel |
Publisher | : John Wiley & Sons |
Total Pages | : 213 |
Release | : 2012-01-30 |
Genre | : Business & Economics |
ISBN | : 1118240073 |
A practical guide to avoiding the most common scams, from a fraud-fighting expert U.S. consumers lose billions of dollars each year to scam artists—and the next victim could be you. While anyone can be targeted, many victims are older. In AARP's Outsmarting the Scam Artists, renowned fraud-fighter Doug Shadel offers practical advice for consumers who want to protect their money as well as the financial assets of their parents and families. Despite the rise of scams, many people are embarrassed to admit they've been victimized. The author helps break the cycle of shame by including accounts from the people who've been scammed as well as tips from a surprising source: convicted con artists who reveal how they've defrauded people like you. Get practical tips to combat all kinds of scams, from simple lottery tickets to non-existent oil and gas deals and religious ponzi schemes Learn how to protect yourself by securing your mailbox and fraud-proofing your trash Get inside the head of sophisticated scam artists to discover how you can become the type of individual they avoid Scammers are everywhere. But with Outsmarting the Scam Artists in hand, you can protect yourself and your money.
Author | : Charles C. Sharpe |
Publisher | : McFarland |
Total Pages | : 249 |
Release | : 2015-09-18 |
Genre | : Social Science |
ISBN | : 0786481684 |
Fraud committed against the elderly has reached epidemic proportions, and the problem will only worsen as a large segment of the American population approaches retirement age. This book explores the disturbing rise in these offenses--crimes aimed at a vulnerable segment of society that is often unable to overcome the consequences--with an eye towards helping seniors protect themselves. This handbook first defines fraud, then discusses why the elderly are targeted, the growing scope of the problem, and why these crimes often go unreported or unsolved. The second section clearly explains 28 of the most common types of fraud--including home improvement scams, health frauds, identity theft and magazine sales--in a manner that allows readers to recognize and avoid the predatory actions of others (whether strangers, friends, or even family members). The third section provides a list of resources and actions to take and for those who believe themselves to be the victim of fraud. The book also contains a list of related acronyms, an index and a bibliography.