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.