{"id":224,"date":"2007-09-13T16:35:00","date_gmt":"2007-09-13T16:35:00","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/09\/fraud_is_cause_of_financial_lo"},"modified":"2021-09-20T15:41:20","modified_gmt":"2021-09-20T20:41:20","slug":"fraud-is-cause-of-financial-lo","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/fraud-is-cause-of-financial-lo\/","title":{"rendered":"Fraud is Cause of Financial Loss! Say One in Five Older Americans"},"content":{"rendered":"

\t\t\t\t“Mr. Chairman, there is no doubt financial fraud aimed at older Americans is real.” <\/p>\n

This astounding statement was made at the SEC’s Senior Summit by Mary L. Schapiro, the Chief Executive Officer of the Financial Industry Regulatory Authority (FINRA), the regulatory body formed by the merger of the National Association of Securities Dealers and the regulatory arm of the New York Stock Exchange. <\/p>\n

Ms. Schapiro backed her statement with the results of a recent FINRA survey which found that, of the 55 percent of respondents who said they lost money on an investment, 19 percent-almost one in five-attribute that loss to being misled or defrauded. While this is cause for concern, she added, it’s also an opportunity for creative collaboration by regulators. <\/p>\n

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

“Mr. Chairman, there is no doubt financial fraud aimed at older Americans is real.” This astounding statement was made at the SEC’s Senior Summit by Mary L. Schapiro, the Chief Executive Officer of the Financial Industry Regulatory Authority (FINRA), the regulatory body formed by the merger of the National Association of Securities Dealers and the […]<\/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":[3739,3801,3803],"tags":[],"class_list":["post-224","post","type-post","status-publish","format-standard","hentry","category-finra","category-sec","category-senior-investors"],"yoast_head":"\nFraud is Cause of Financial Loss! Say One in Five Older Americans — Investor Lawyers Blog — September 13, 2007<\/title>\n<meta name=\"description\" content=\""Mr. Chairman, there is no doubt financial fraud aimed at older Americans is real." This astounding statement was made at the SEC's Senior Summit by Mary — September 13, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/fraud-is-cause-of-financial-lo\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fraud is Cause of Financial Loss! Say One in Five Older Americans — Investor Lawyers Blog — September 13, 2007\" \/>\n<meta name=\"twitter:description\" content=\""Mr. Chairman, there is no doubt financial fraud aimed at older Americans is real." This astounding statement was made at the SEC's Senior Summit by Mary — September 13, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Fraud is Cause of Financial Loss! 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