{"id":1556,"date":"2014-11-29T19:10:18","date_gmt":"2014-11-29T19:10:18","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/11\/sec_commissioner_wants_elder_f"},"modified":"2022-03-28T11:16:17","modified_gmt":"2022-03-28T16:16:17","slug":"sec-commissioner-wants-elder-f","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-commissioner-wants-elder-f\/","title":{"rendered":"SEC Commissioner Wants Elder Fraud at Top of 2015 Agenda"},"content":{"rendered":"

\t\t\t\tU.S. Securities and Exchange Commissioner Michael S. Piwowar says that he wants investigations into elder fraud to stay one of the agency’s top priorities in 2015. Financial fraud targeting seniors is costing this demographic big time. According to a 2011 study by MetLife and the Center for Gerontology at Virginia Tech senior financial fraud victims sustain around $2.9 billion in losses yearly.<\/p>\n

One of the reasons for this is that older Americans tend to make more vulnerable targets for fraudsters. They are easier to deceive with bogus sales pitches and some of them may suffer from debilitating mental or cognitive illnesses that can make it hard for them to know they are being bilked. <\/p>\n

Also, scammers like to go after elder investors because many of them have accumulated enough retirement money that they have significant funds that fraudsters can steal. Unfortunately, a senior that is the victim of elder financial fraud may no longer have the time or be at an age when he\/she can earn back whatever is lost, which can make his\/her retirement years a struggle. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

U.S. Securities and Exchange Commissioner Michael S. Piwowar says that he wants investigations into elder fraud to stay one of the agency’s top priorities in 2015. Financial fraud targeting seniors is costing this demographic big time. According to a 2011 study by MetLife and the Center for Gerontology at Virginia Tech senior financial fraud victims […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801,3741,3803],"tags":[],"class_list":["post-1556","post","type-post","status-publish","format-standard","hentry","category-sec","category-securities-fraud","category-senior-investors"],"yoast_head":"\nSEC Commissioner Wants Elder Fraud at Top of 2015 Agenda — Investor Lawyers Blog — November 29, 2014<\/title>\n<meta name=\"description\" content=\"U.S. Securities and Exchange Commissioner Michael S. 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