Makin' Money

The vulnerable elderly and fraud

Chris Farrell Jul 20, 2011

We know that scamsters target the elderly. If you have aging parents or grandparents and your concerned about their vulnerability to investment fraud the Alliance for Investor Education (AIE) has picked 10 top Web-based resources to help out troubled family members.

It isn’t an easy issue to deal with. No one likes to admit they were conned. These resources may help you spot and protect an older generation from getting scammed.

**1. Caring for Loved Ones – Securities and Exchange Commission.

**2. My Retirement Paycheck – National Endowment for Financial Education.

**3. Fighting Fraud 101** Smart Tips for Older Investors – Financial Industry Regulatory Authority/FINRA Foundation

**4. Elder Investment Fraud **and Financial Exploitation Prevention Program – Investor Protection Trust.

**5. Family and Finances: Start the Dialogue – American Association of Individual Investors.

**6. Important Questions to Ask Aging Parents** – 360 Degrees of Financial Literacy/American Institute of Certified Public Accountants.

**7. Senior Investor Resource Center **– North American Securities Administrators Association. /

**8. Consumer Guide to Financial Self-Defense **– CFP Board. /

**9. 10 Ways To Avoid Investment Fraud **– CFA Institute.

**10. Watch Out For These Warning Signs of Fraud **– Commodities Futures Trading Commission.

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