{"id":605,"date":"2009-11-23T23:27:24","date_gmt":"2009-11-23T23:27:24","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2009\/11\/fighting_senior_investment_fra"},"modified":"2022-03-09T15:59:10","modified_gmt":"2022-03-09T21:59:10","slug":"fighting-senior-investment-fra","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/fighting-senior-investment-fra\/","title":{"rendered":"Fighting Senior Investment Fraud: Panel Calls for SEC, Labor Department, and Treasury Department to Work Together"},"content":{"rendered":"

\t\t\t\tParticipants at an AARP\/National Consumer League panel called on federal regulators from the US Labor Department, Treasury Department, and the Securities and Exchange Commission to work together when combating elder financial fraud<\/a>. <\/p>\n

North Carolina deputy securities administrator David Massey said not only must federal regulators from the different departments identify common interests and ways to work together, but also they must examine all regulatory gaps. He cited the fact that the 1996 National Securities Markets Improvement Act limits state regulatory authority over certain private offerings (Rule 506 offerings under Regulation D of the 1933 Securities Act). <\/p>\n

Meantime, senior policy advisor Jeff Cruz encouraged the different federal arms to work together to combat fraud related to 401K retirement plans. He says that the recent change from benefit pension plans that were professionally managed to defined contribution plans is making retirees and seniors more vulnerable to financial fraud<\/a>. He also recommended that the Department of Labor audit 401K plans. <\/p>\n

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

Participants at an AARP\/National Consumer League panel called on federal regulators from the US Labor Department, Treasury Department, and the Securities and Exchange Commission to work together when combating elder financial fraud. North Carolina deputy securities administrator David Massey said not only must federal regulators from the different departments identify common interests and ways to […]<\/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":[3803],"tags":[],"class_list":["post-605","post","type-post","status-publish","format-standard","hentry","category-senior-investors"],"yoast_head":"\nFighting Senior Investment Fraud: Panel Calls for SEC, Labor Department, and Treasury Department to Work Together — Investor Lawyers Blog — November 23, 2009<\/title>\n<meta name=\"description\" content=\"Participants at an AARP\/National Consumer League panel called on federal regulators from the US Labor Department, Treasury Department, and the Securities — November 23, 2009\" \/>\n<meta name=\"robots\" content=\"index, follow, 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