A recent report by the Pennsylvania Office of the State Inspector General has delivered sharp criticism of how agencies at the county level handle thousands of complaints about elder abuse and how the state supervises investigations into these complaints. It is the state’s duty to ensure that such investigations are reasonable and thorough.
As baby boomers hit retirements, bringing with them the largest amount of wealth a single generation has ever possessed, regulators at the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) foresee an ever growing number of financial scams designed to separate boomers from their hard-earned savings.
Every year, new and more elaborate schemes appear to bilk older investors out of their life-savings. Fortunately, FINRA has committed itself to several early detection measures aimed at stemming the tide of elder financial abuse. The new measures also encourage broker-dealers to further supervise their own employees when it comes to suspicions of broker misconduct.
According to a revealing new report by NJSpotlight.com, which organized data provided by investigators who annually inspect 364 New Jersey nursing homes accepting Medicare and Medicaid, “the average New Jersey nursing home has about six deficiencies, ranging from food preparation to fire exits without proper signage and lighting to physical abuse.”
According a recent Philadelphia Inquirer article, lawmakers insist that enough nursing homes receiving government subsidies or support remain understaffed, thus increasing profit at the expense of care, to justify subpoenas, investigations, and litigation. The nursing home industry vehemently disagrees, and they have found their own lawyers to drive their point home.