Top 10 Ways to Stop Elder Financial Scams

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Top 10 Ways to Stop Elder Financial Scams

Apr 24, 2013

CFP Board releases 32-page guide on ways to spot, and prevent, fraud against seniors

Noting the increasing incidents of elder financial abuse, the Certified Financial Planner Board of Standards released Wednesday a free guide to help seniors protect themselves from fraud.

The [28]-page guide, written by CFP Board Consumer Advocate Eleanor Blayney, [CFP®], describes 10 common situations in which older Americans are vulnerable to financial abuse and provides warning signs of such abuse and advice for guarding against it.

Kevin Keller, CEO of CFP Board, said in releasing the guide that “CFP Board remains deeply concerned about incidents of consumers—particularly senior citizens—being misled by those claiming to be trusted financial professionals.” The guide to financial self-defense, he said, “will help protect seniors from abusive, fraudulent and unethical financial practices.” Read more >

Melanie Maddell
March 28, 2013




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