States Taking Steps to Prevent Senior Fraud

If you’ve read this blog for a while, then you’re certainly aware of the continual, ever-growing fraud perpetrated against seniors. But today, we have positive news on the other side of that problem. State regulators, in the form of North American Securities Administrators Association (NASAA — a group of securities regulators from the United States, Canada and Mexico) are working on model laws that all states could implement. As of June 12th, 3 states had enacted laws specifically to protect seniors; but model legislation can help the process move more quickly through other states.

Anti Fraud