Florida Office of Financial Regulation

Florida Office of Financial Regulation Recognizes World Elder Abuse Awareness Day

06/15/2016

For Immediate Release                               
Wednesday, June 15, 2016
 
Media Contacts:
Jamie Mongiovi (850) 410-9709
Katie Norris (850) 410-9826
Twitter: @FlFinancialReg
                                                                                                                    
Florida Office of Financial Regulation Recognizes
World Elder Abuse Awareness Day
 
Tallahassee, Fla. – The Florida Office of Financial Regulation (OFR) today recognizes World Elder Abuse Awareness Day. This global initiative is an effort to unite communities to raise awareness about elder abuse.
 
“The Florida Office of Financial Regulation is committed to working with our partners to educate Floridians about elder abuse, including elder financial exploitation and financial fraud targeting Florida’s elders,” said Commissioner Drew J. Breakspear. “Talking with your elder loved ones about making fully-informed financial decisions, verifying a license before doing financial business, and knowing what financial fraud red flags look like, can help protect them from becoming a victim.”
 
Before committing to a financial decision, fully research the financial product and the company and watch for red flags of potential fraud.
• Verify the business or individual is properly licensed with the OFR online or by calling (850) 487-9687.
• Be wary of unsolicited salespersons or offers.
• Speak with multiple professionals before making a decision.
• If you feel pressured or rushed to provide information, just walk away.
• Ask for written information about the financial product and read everything carefully and completely.
• Beware of anyone who claims your investment is “guaranteed” or has “little to no risk.”
• Do not sign blank documents or agreements you haven’t fully read.
 
The OFR is a partner in the World Elder Abuse Awareness Day 2nd Global Summit, convening on June 16, 2016, in Washington, D.C. More information on this event is available at www.napsa-now.org/WEAAD.
 
For more information about elder abuse, visit:
National Adult Protective Services Association
North American Securities Administrators Association’s ServeOurSeniors.org
OFR Consumer Knowledge Center
 
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