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Fraud Protection For Seniors
Washington, D.C., February 8, 2008 – The Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) today announced a new initiative as part of securities regulators’ efforts to protect senior investors. The goal of the initiative is to identify effective practices used by financial services firms in dealing with senior investors, and to provide information about these practices publicly.
Rep. Dan L. Burton, R-Ind. (5th CD), issued the following blog entry:
In December 2006, the AARP released a shocking survey which found that a full 59 percent of American adults age 45 and older overestimated Medicare coverage for long term care.
It’s a fact: Cataracts are the leading cause of vision loss among people over age 55. And just about everyone develops this condition to some degree as they grow older.