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Tuesday, June 15, 2010

World Elder Abuse Awareness Day

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Today is World Elder Abuse Awareness Day and Hoss Cents Free Financial Money Magazine is proud to support the international effort against elder abuse, especially financial fraud.

Senior’s are sometimes convinced to invest in investments well outside their risk tolerance level, which is a strict no no in the investment world. In addition there is sometimes outright theft of senior’s funds by someone they trust.

The Hoss encourages all of his readers to take action to prevent the financial abuse of elders by talking with your elders and teach them ways of protecting themselves from investment fraud. Make sure they understand to investigate not only the investment opportunity but also the person promoting the investment. Never hand over money without proper investigation and if necessary seek out independent advice from a third party.

The Canadian Securities Administrators offers fraud prevention resources for seniors which include:

Protect Your Money: Avoiding frauds and scams
Scam Artists Pursue Adults Over 50
Sandwich Generation: Are you caught in the middle?
Boiler Room Scams: Could you be vulnerable?

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1 comment:

  1. Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with more information? It is extremely helpful for me.



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