Press Releases

For Immediate Release
March 29, 2006

NASAA Identifies Threats to Senior Investors

(Madison) In Senate testimony today (March 29), NASAA President Patricia D. Struck identified three troubling trends endangering the retirement nest eggs of our nation’s growing senior population and outlined the steps state securities regulators are taking to protect senior investors from fraud. “My colleagues and I are currently seeing a proliferation of noteworthy schemes in three related areas: ‘senior specialists,’ variable annuities, and unlicensed individuals selling unregistered securities to seniors. Unfortunately, these three problems often occur simultaneously at certain senior investment seminars,” she said in testimony before the Senate Special Committee on Aging in a hearing on senior investment fraud.
For news release, please see:
www.nasaa.org/NASAA_Newsroom/Current_NASAA_Headlines/4518.cfm
For testimony, please see:
www.nasaa.org/Issues___Answers/Legislative_Activity/Testimony/4503.cfm