Category archives: Financial Abuse
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2 months ago
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Elder financial abuse is a significant issue affecting many older adults nationwide. It involves someone exploiting or misusing an older person’s finances or assets for personal gain. Often, the perpetrator is in a position of trust, be it a family member, abusive partner, or paid caregiver.
... [read more]
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6 years ago
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A U.S. court of appeal has struck down a Department of Labor (DOL) rule that was intended to prevent financial advisers from steering their clients to bad retirement investments, but the Securities and Exchange Commission (SEC) has proposed new regulations to at least partially address the same prob... [read more]
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6 years ago
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New rules have been put in place to protect seniors with brokerage accounts from financial scams that could drain the accounts before anyone notices.
As the population ages, elder financial abuse is a mounting problem. Vulnerable seniors can become victims of scammers who convince them to emp... [read more]
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6 years ago
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A new federal law is designed to address the growing problem of elder abuse. The law supports efforts to better understand, prevent, and combat both financial and physical elder abuse.
The prevalence of elder abuse is hard to calculate because it is underreported, but according to the Nationa... [read more]
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