senior financial fraud

Financial Scams Targeting the Elderly: A Growing Problem

Financial Scams Targeting the Elderly: A Growing Problem

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.