{"id":226,"date":"2007-09-16T01:20:11","date_gmt":"2007-09-16T01:20:11","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/09\/free_lunch_seminars_are_invest"},"modified":"2021-09-20T15:44:12","modified_gmt":"2021-09-20T20:44:12","slug":"free-lunch-seminars-are-invest","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/free-lunch-seminars-are-invest\/","title":{"rendered":"SEC and FINRA Say \u201cFree Lunch\u201d Seminars are Investment Scams Targeting Seniors"},"content":{"rendered":"

\t\t\t\tFINRA, SEC, and state regulators are saying that the “free lunch” investment seminars for senior citizens are actually high-pressure sales pitches, involving fraud and misleading claims about financial products that are not suitable for its elderly audience. A report of these findings will be issued to the public this week. <\/p>\n

Alabama, California, North Carolina, Florida, Texas, Arizona and South Carolina are the U.S. states with the largest numbers of retirees. All seven states were included in the probe. The investigation took place from April 2006 to 2007 and concentrated on 110 investment firms and branch offices that held “free lunch” seminars for seniors. <\/p>\n

The report blames investment firms for failing to properly supervise the employees that conducted the senior seminars. <\/p>\n

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

FINRA, SEC, and state regulators are saying that the “free lunch” investment seminars for senior citizens are actually high-pressure sales pitches, involving fraud and misleading claims about financial products that are not suitable for its elderly audience. A report of these findings will be issued to the public this week. Alabama, California, North Carolina, Florida, […]<\/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-226","post","type-post","status-publish","format-standard","hentry","category-finra","category-sec","category-senior-investors"],"yoast_head":"\nSEC and FINRA Say \u201cFree Lunch\u201d Seminars are Investment Scams Targeting Seniors — Investor Lawyers Blog — September 16, 2007<\/title>\n<meta name=\"description\" content=\"FINRA, SEC, and state regulators are saying that the "free lunch" investment seminars for senior citizens are actually high-pressure sales pitches, — September 16, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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