{"id":4527,"date":"2007-11-20T09:30:41","date_gmt":"2007-11-20T09:30:41","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/sec_says_it_works_hard_to_elim"},"modified":"2022-03-25T15:41:39","modified_gmt":"2022-03-25T20:41:39","slug":"sec-says-it-works-hard-to-elim","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-says-it-works-hard-to-elim\/","title":{"rendered":"SEC Enforcement Director Highlights Agency’s Efforts To Eliminate Fraud Targeting Senior Investors"},"content":{"rendered":"

The Securities and Exchange Commission says that it has brought about over 45 enforcement actions involving scams targeting senior investors in the past two years. At the ALI-ABA Life Insurance Company Products Conference earlier this month, SEC Enforcement Director Linda Thomsen talked about the agency’s efforts to fight fraud against the elderly. She expressed concern over the fact that there are so many investment schemes out there focused on defrauding the elderly.<\/p>\n

Thomsen said that the SEC has targeted a number of cases involving supervisory deficiencies. In one case, a Georgia broker convinced the Fulton County Sheriff’s Office that it was investing with a MetLife affiliate, when, in fact, the affiliate was actually affiliated to the broker.<\/p>\n

Thomsen says MetLife knew their broker had compliance issues yet failed to supervise him properly and let him work in a “detached location.” The broker also convinced the sheriff’s office that an investment was permissible when it was not.<\/p>\n

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

The Securities and Exchange Commission says that it has brought about over 45 enforcement actions involving scams targeting senior investors in the past two years. At the ALI-ABA Life Insurance Company Products Conference earlier this month, SEC Enforcement Director Linda Thomsen talked about the agency’s efforts to fight fraud against the elderly. She expressed concern […]<\/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":[3760,3803],"tags":[],"class_list":["post-4527","post","type-post","status-publish","format-standard","hentry","category-sec-enforcement","category-senior-investors"],"yoast_head":"\nSEC Enforcement Director Highlights Agency's Efforts To Eliminate Fraud Targeting Senior Investors — Investor Lawyers Blog — November 20, 2007<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission says that it has brought about over 45 enforcement actions involving scams targeting senior investors in the past — November 20, 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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