Want to protect yourself from elder financial abuse?
As regulators and legislators around the country respond to the growing problem of elder financial abuse in the US, the Securities and Exchange Commission (SEC) Philadelphia office is hosting an event to help seniors to avoid becoming the next victims of abuse.
The SEC Philly office, in conjunction with the Financial Industry Regulatory Authority (FINRA), the Pennsylvania Department of Banking and Securities, and Temple University’s Institute on Protective Services, will share the latest on the products, strategies, and scams that most affect elderly investors.
SEC, FINRA, PA Banking Office, and Temple Raise Awareness about Elder Financial Fraud
Jeffrey Bouloukos, regional director of the Philadelphia SEC office, said that the event is aimed at helping “people understand investing and how to identify potential fraud. A program like this one helps us talk with senior investors directly, answer their questions in person, and show them our website Investor.gov so they can use it as a resource to learn more about protecting their money in the days and years ahead,” he said.
The SEC regional director will open the program with remarks about senior financial fraud, which will then be followed by a panel on “Understanding Financial Products.”
Speakers include Peter Chandler, director, investor education at FINRA; Glenn Skreppen, director, bureau of securities compliance and examinations, at the Pennsylvania Department of Banking and Securities; and Mark Zehner, deputy chief, public finance abuse unit, Division of Enforcement at the SEC’s Philadelphia regional office.
In addition, Ronald Costen, professor at Temple University with the college’s Institute on Protective Services, will speak on “Changes in Thought and Memory and How That Affects Decision Making."
Elder Financial Fraud Event Details
The SEC’s Philadelphia Regional Office will host an event for senior investors on Tuesday, June 11, from 9:30 a.m. to 3 p.m. at Montgomery County Community College. The program will take place in College Hall 144/148/151 on the campus at 340 DeKalb Pike in Blue Bell, Pa.