10 Best Web-Based Resources for Older Investors and their Family Members About How to Spot and Protect Themselves from Investment Fraud
By Ric Edelman
Alliance for Investor Education
Alliance for Investor Education President Sue Duncan, who also serves as vice president of the ICI Education Foundation (ICIEF) at the Investment Company Institute, said: “With the Baby Boomer generation just starting to retire, having saved and invested for years, scammers are looking for ways to take advantage of those nest eggs. The Alliance for Investor Education wants to make sure older Americans can spot red flags when investing. Family members also need to be aware that their parents and older relatives may be at higher risk of being taken advantage of by fraudsters and should know how to protect their loved ones.”
The new “Older Americans and Investment Fraud" section of the AIE Web site features the following 10 top resources for consumers:
- Caring for Loved Ones - http://bit.ly/kpVMWJ, Securities and Exchange Commission.
- My Retirement Paycheck - http://bit.ly/ihgsIk, National Endowment for Financial Education.
- Fighting Fraud 101: Smart Tips for Older Investors http://bit.ly/mobN4s, Financial Industry Regulatory Authority/FINRA Foundation.
- Elder Investment Fraud and Financial Exploitation Prevention Program - http://bit.ly/179I7AO, Investor Protection Trust.
- Family and Finances: Start the Dialogue - http://bit.ly/lOR7OY, American Association of Individual Investors.
- Important Questions to Ask Aging Parents - http://bit.ly/kTMoVQ, 360 Degrees of Financial Literacy/American Institute of Certified Public Accountants.
- Senior Investor Resource Center - http://bit.ly/19Czvoy, North American Securities Administrators Association.
- Consumer Guide to Financial Self-Defense - http://bit.ly/179hI8e, CFP Board.
- 10 Ways To Avoid Investment Fraud - http://cfa.is/1893alS, CFA Institute.
- Watch Out For These Warning Signs of Fraud - http://bit.ly/k84aKW, Commodities Futures Trading Commission.
For an overview of the rest of the best investor education resources on the Web from AIE members, go to www.investoreducation.org.The Alliance’s new “Older Americans & Investment Fraud: Protecting Yourself, Protecting Your Loved Ones” is available at www.investoreducation.org/elderinvestmentfraud. AIE is the organization of the United States’ leading financial-related foundations, nonprofit organizations, associations and governmental agencies.