{"id":10125,"date":"2021-08-18T16:21:01","date_gmt":"2021-08-18T20:21:01","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10125"},"modified":"2021-08-18T16:21:01","modified_gmt":"2021-08-18T20:21:01","slug":"the-sec-offers-more-training-to-combat-financial-losses-for-seniors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/the-sec-offers-more-training-to-combat-financial-losses-for-seniors\/","title":{"rendered":"The SEC Offers More Training To Combat Financial Losses For Seniors"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9935 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg\" alt=\"The recent case of Beverly Schottenstein Vs. JP Morgan and the Schottenstein Brothers was a very strong reminder of the problem of elder abuse. Specifically, financial abuse among elderly people who, in some cases, may not understand they\u2019ve been defrauded.  While Ms. Schottenstein knew her grandsons were defrauding her, she was able to get justice (and a financial settlement) in her case. Other elders that don\u2019t have as much money or realize they are being defrauded may not be as fortunate.  Financial institutions now have the opportunity to stop a case of elder financial fraud before it happens.  Elder Financial Fraud By The Numbers  The FBI\u2019s Internet Crime Complaint Center (ICCC) in their Elder Fraud Report for 2020, reports that more than 105,000 victims over the age of 60 lost $1 billion dollars through various schemes just last year. These scams can include:  Extortion Non-payment\/non-delivery (more prevalent since the increase of online ordering during the pandemic) Tech support (i.e., \u201cI\u2019m calling from Microsoft about the virus on your computer\u201d) Identity Theft\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The recent case of <a href=\"https:\/\/www.silverlaw.com\/blog\/92-year-old-wins-19m-from-jp-morgan-for-her-broker-grandsons-alleged-misconduct-as-stockbrokers\/\" target=\"_blank\">Beverly Schottenstein Vs. JP Morgan and the Schottenstein Brothers<\/a> was a very strong reminder of the problem of elder abuse. Specifically, financial abuse among elderly people who, in some cases, may not understand they\u2019ve been defrauded.<\/p>\n<p>While Ms. Schottenstein knew her grandsons were defrauding her, she was able to get justice (and a financial settlement) in her case. Other elders that don\u2019t have as much money or realize they are being defrauded may not be as fortunate. <a href=\"https:\/\/www.silverlaw.com\/blog\/the-sec-offers-more-training-to-combat-financial-losses-for-seniors\/#more-10125\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent case of Beverly Schottenstein Vs. JP Morgan and the Schottenstein Brothers was a very strong reminder of the problem of elder abuse. Specifically, financial abuse among elderly people who, in some cases, may not understand they\u2019ve been defrauded. While Ms. Schottenstein knew her grandsons were defrauding her, she was able to get justice [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582],"tags":[],"class_list":["post-10125","post","type-post","status-publish","format-standard","hentry","category-elder-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The SEC Offers More Training To Combat Financial Losses For Seniors &#8212;<\/title>\n<meta name=\"description\" content=\"To help combat the financial exploitation of seniors, the SEC, FINRA, and NASAA, have joined forces to offer a new training program.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/the-sec-offers-more-training-to-combat-financial-losses-for-seniors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The SEC Offers More Training To Combat Financial Losses For Seniors &#8212;\" \/>\n<meta name=\"twitter:description\" content=\"To help combat the financial exploitation of seniors, the SEC, FINRA, and NASAA, have joined forces to offer a new training program.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The SEC Offers More Training To Combat Financial Losses For Seniors &#8212;","description":"To help combat the financial exploitation of seniors, the SEC, FINRA, and NASAA, have joined forces to offer a new training program.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/the-sec-offers-more-training-to-combat-financial-losses-for-seniors\/","twitter_card":"summary_large_image","twitter_title":"The SEC Offers More Training To Combat Financial Losses For Seniors &#8212;","twitter_description":"To help combat the financial exploitation of seniors, the SEC, FINRA, and NASAA, have joined forces to offer a new training program.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"4 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