The North American Securities Administrators Association will soon begin
training members on how to spot financial abuse of elderly investors.
The program, Senior$afe, is designed to help investment advisers and brokers
recognize the signs of senior financial abuse and report the matters to
the proper authorities.
Senior$afe was created by the Maine Council for Elder Abuse Prevention.
It provides brokers and advisers with a presentation showing signs and
changes in behavior and account management that could be indicators of
senior financial abuse. It also provides details and training on how to
respond to potential abuse and reporting the matter.
The goal is to provide training so advisers and brokers are able to identify
senior financial abuse and report it to the proper agency so regulators
can take action.
At Meyer Wilson, we have successfully represented numerous elderly customers
who have been the victims of financial abuse. If you believe that you
or somebody you love has been the victim of financial abuse, call our
securities fraud attorneys for a
free consultation and learn what options you may have.