Finra Fights Elder Fraud

 

Starting February 5, financial brokers will have two new tools to try to stop elder financial
abuse. On that day, Finra is enacting rules to make it easier for brokers to bring an outside party into a situation where financial abuse or exploitation of an elderly person is suspected, and to allow brokers to delay payments from an account if something seems suspicious. Read more…

Finra Fights Elder Fraud
Financial Advisor Magazine
DECEMBER 12, 2017 • KAREN DEMASTERS

SUBMITTED BY:

Perry A. Shulman, CPA, Chair – Orion Resource Group Elder Abuse Advocacy Committee

 

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Deadly Drugs Misused In U.S. Nursing Facilities

From AARP:

When the family of Bobby Glenn Tweed made the difficult decision to have him admitted to a nursing home in January 2013, little did they realize he would have just months left to live. While diagnosed with dementia, Tweed, 78, was still a vigorous man.

But without his family’s consent, Tweed was given psychotropic drugs that are known to be fatal among older patients with dementia. In 10 months, he was dead. Read more

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Nursing Home Abuse By Guardianship

To Collect Debts, Nursing Homes Are Seizing Control Over Patients

Few people are aware that a nursing home can take such a step. Guardianship cases are difficult to gain access to and poorly tracked by New York State courts; cases are often closed from public view for confidentiality. But the Palermo case is no aberration.

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Tips for Seniors to Avoid Scams

This article  (Copyright 2016 – News & Record, Greensboro, N.C.) appeared in the online CPA Practice Advisor online publication, discusses proactive initiatives taken in Greensboro, North Carolina to teach senior citizens the warning signs of fraud at free training sessions, then encourage them to spread the information to their friends and neighbors. Perhaps we might be interested in offering a similar program in the greater NY area?

http://www.cpapracticeadvisor.com/news/12290455/tips-for-seniors-to-avoid-scams

 

Submitted by Perry Shulman, CPA   12/30/2016 [email protected]

 

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