Florida Office of Financial Regulation

Florida Office of Financial Regulation Participates in Regional Senior Investor Protection Workshop

09/21/2016

For Immediate Release                               
Wednesday, September 21, 2016
 
Media Contacts:
Jamie Mongiovi (850) 410-9709
Katie Norris (850) 410-9826
Twitter: @FlFinancialReg
                                                                                      
Florida Office of Financial Regulation Participates in Regional Senior Investor Protection Workshop
 
Tallahassee, Fla. – The Florida Office of Financial Regulation today participated in the Securities Industry and Financial Markets Association (SIFMA) Senior Investor Protection Regional Workshop in the St. Petersburg area. Attendees acquired a deeper understanding of how to identify cognitive decline and exploitation to better protect their senior clients and learned more about the reporting process for suspected financial exploitation.
 
Commissioner Drew J. Breakspear said, “The Florida Office of Financial Regulation remains committed to partnering with financial services industry groups to best serve Floridians and financial professionals. Educating financial professionals about how to identify and report elder abuse, including financial exploitation, is one of the ways we are furthering that mission.”
 
The Florida Office of Financial Regulation encourages all consumers to fully research any investment before committing, including verifying that the business or individual is properly licensed with the Florida Office of Financial Regulation. Learn to spot the warning signs of a bad or fraudulent investment. Some red flags include:
• Unsolicited investment pitches
• Promises of little or no investment risk
• High-pressure sales tactics like “must act now,” or “this offer won’t last long”
• Investments that are extremely complex or hard to understand
 
Visit the Florida Office of Financial Regulation’s Consumer Knowledge Center to learn more about investor protection and common financial scams targeting elder citizens.
 
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