{"id":1079,"date":"2017-07-10T00:56:56","date_gmt":"2017-07-10T04:56:56","guid":{"rendered":"http:\/\/www.elderfinancialfraudattorneys.com\/?p=1079"},"modified":"2018-10-04T16:00:19","modified_gmt":"2018-10-04T20:00:19","slug":"nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/","title":{"rendered":"Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud, Says the North American Securities Administrators Association (NASAA)"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-522334235.jpg\" alt=\"iStock-522334235.jpg\" \/><\/p>\n<h2 style=\"text-align: justify;\">Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud<\/h2>\n<p style=\"text-align: justify;\">According to a 2015 report from the retirement planning site True Link, American senior citizens lose an estimated <a href=\"https:\/\/www.cnbc.com\/2017\/06\/15\/how-your-financial-advisor-can-help-thwart-elder-fraud.html\"  rel=\"noopener\" target=\"_blank\"><span style=\"text-decoration: underline;\">$35.6 billion<\/span><\/a> each year from investment scams and other fraudulent financial schemes. Despite the role that shady financial advisors play in many cases of elder fraud, <em>ethical<\/em> advisors may be the people best equipped to determine when financial fraud has been perpetrated on one of their elderly clients by another individual.<\/p>\n<p style=\"text-align: justify;\">The idea that brokers can act as a shield against elder fraud isn\u2019t just an fuzzy concept: according the North American Securities Administrators Association (NASAA), brokers and financial advisors report more than <a href=\"https:\/\/www.cnbc.com\/2017\/06\/15\/how-your-financial-advisor-can-help-thwart-elder-fraud.html\"  rel=\"noopener\" target=\"_blank\"><span style=\"text-decoration: underline;\">2,300 cases<\/span><\/a> of elder fraud each year. Considering the fact that many elderly individuals may not possess a high degree of financial literacy (in addition to issues with cognitive decline, such as dementia-related confusion or memory loss) brokers and advisors are in a perfect position to identify financial inconsistencies in accounts, such as large, unexpected withdrawals or a series of small, suspicious ones.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/\"  title=\"Continue Reading Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud, Says the North American Securities Administrators Association (NASAA)\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud According to a 2015 report from the retirement planning site True Link, American senior citizens lose an estimated $35.6 billion each year from investment scams and other fraudulent financial schemes. Despite the role that shady financial advisors play in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1080,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1100],"tags":[1130],"class_list":["post-1079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nasaa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NASAA: Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud<\/title>\n<meta name=\"description\" content=\"Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud. NASAA says ethical financial advisors can help.\" \/>\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\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NASAA: Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud\" \/>\n<meta name=\"twitter:description\" content=\"Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud. NASAA says ethical financial advisors can help.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-522334235.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":"NASAA: Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud","description":"Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud. 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NASAA says ethical financial advisors can help.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-522334235.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/","url":"https:\/\/www.silverlaw.com\/blog\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/","name":"NASAA: Ethical Financial Advisors Can Help Clients Avoid or Spot Fraud","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/nasaa-ethical-financial-advisors-can-help-clients-avoid-spot-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/iStock-522334235.jpg","datePublished":"2017-07-10T04:56:56+00:00","dateModified":"2018-10-04T20:00:19+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Some estimates suggest American seniors lose nearly $40 billion a year due to elder financial fraud. 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