Tackling Investment Swindles of Seniors as a Medical Problem: 24 Securities Regulators Across U.S. To Train Doctors To Spot & Report Elderly Financial Victimization
22 States, D.C. & Puerto Rico Unveil Joint Nationwide Effort by Investor Protection Trust, State Securities Regulators, Adult Protective Services Professionals, Medical Experts.
AL, CA, CO, DE, GA, ID, IL, IN, IA, KY, MI, NE, NC, NJ, NM, OK, OR, PA, TN, UT VT, WA, DC and Puerto Rico to Participate in Grassroots-Level Outreach to Docs, Other Medical Professionals.
WASHINGTON, Nov. 17, 2010
PRNewswire-USNewswire
With new medical research showing that more than a third of Americans over the age of 71 having mild cognitive impairment (MCI) or Alzheimer's disease that make them particularly susceptible to investment swindles and other financial abuse, 24 securities regulators have joined in a major national "Elder Investment Fraud and Financial Exploitation Prevention Program". The unprecedented effort will educate thousands of U.S. medical professionals about how to spot older Americans who may be particularly vulnerable to investment fraud abuse and then to refer these at-risk patients to state securities regulators and adult services professionals.
ABOUT THE GROUPS
The Investor Protection Trust (http://www.investorprotection.org) is a nonprofit organization devoted to investor education. The primary mission of IPT is to provide independent, objective information needed by consumers to make informed investment decisions. Founded in 1993 as part of a multi-state settlement to resolve charges of misconduct, IPT serves as an independent source of unbiased and non-commercial investor education materials. IPT operates programs under its own auspices and uses grants to underwrite important investor education and protection initiatives carried out by other organizations. The IPT provides investor education at both the state and national levels.
The Investor Protection Institute (http://www.protectinvestors.org) is a nonprofit organization that promotes investor protection by conducting and supporting research and education programs.
NASAA (http://www.nasaa.org) is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada andMexico.
The National Adult Protective Services Association (http://www.apsnetwork.org) is a national non-profit 501 (c) (3) organization with members in all fifty states, including the District of Columbia, the U.S. Virgin Islands, and Guam. It was formed in 1989 to provide state Adult Protective Services (APS) program administrators and staff, who are the first responders to abused elders and younger adults with disabilities, with a forum for sharing information, solving problems and improving the quality of services for these vulnerable victims.
MEDIA CONTACT: Ailis Wolf, for IPT and IPI, (703) 276-3265 or aawolf@hastingsgroup.com.
EDITOR'S NOTE: A streaming audio recording of the news event will be available on the Web as of 4 p.m. EST on November 17, 2010 at http://www.investorprotection.org.
SOURCE Investor Protection Trust, Investor Protection Institute and National Adult Protective Services Association
Abridged
SOURCE: The PR Newswire
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