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ARTICLE · 15 NOVEMBER 2019

SEC Roundtable On Elder Investment Fraud

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On October 3, 2019, the SEC Retail Task Force held a roundtable on combating elder investor fraud.

United StatesCriminal Law
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On October 3, 2019, the SEC Retail Task Force held a roundtable on combating elder investor fraud. The roundtable examined the multiple dimensions of elder investment fraud, including the social, physiological and economic factors that contribute to elder financial exploitation. The roundtable also discussed the preventative and remedial measures that regulators, broker-dealers, investment advisors, and others can take to identify and combat elder investor fraud. In his keynote remarks, Chairman Jay Clayton noted the SEC's ongoing commitment to combating elder investment fraud as an essential part of the SEC's mission to educate and empower investors so they can plan for a financially secure future. Chair Clayton noted that the National Council on Aging found that elder financial abuse costs Americans $36.5 billion annually.

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