Lookback: FDIC tackles financial exploitation of the elderly
US educational tool provides practical information on financial decisions for older people; SEC issues list of fake regulators; Russell publishes results of market review; Nomura head quant says traditional portfolio allocation strategies need updating
The US government is launching a tool aimed at helping prevent financial exploitation of the elderly and their caregivers. The training module will offer practical information to adults aged 62 and older on how to make informed financial decisions and avoid getting taken advantage of. The module, Money Smart for Older Adults, is available as a free download on the website of the Federal Deposit Insurance Corporation (FDIC).
The FDIC envisions that representatives of financial institutions, adult
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