4 Best Resources for Preventing Financial Abuse

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4 Best Resources for Preventing Financial Abuse

Jun 20, 2011

If older members of your family haven't already found themselves a target of investment fraud and other financial scams, the chances are likely they soon will. The good news: A growing number of resources can help you identify and avoid possible swindles and protect older investors and their nest eggs.

Certified Financial Planner Board of Standards: Publishes a "Consumer Guide to Financial Self Defense." This 28-page handbook gives numerous examples of possible financial abuse (an adviser, for instance, offers a client an opportunity to earn a preferred interest rate – but the "opportunity" involves lending money to the adviser himself) and offers "self-defense moves" for each of these gambits. Read more >

Glenn Ruffenach
June 20, 2011

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