SEC, Federal Reserve Partner to Protect Senior Investors
WASHINGTON -- The Securities and Exchange Commission will partner with the Federal Reserve Bank of Chicago and the Elder Law Journal of the University of Illinois College of Law to present the Senior Investor Protection Symposium in Chicago on May 18.
The symposium will feature a discussion panel including distinguished representatives from the business, law, regulatory and academic communities who have significant experience tackling the issues facing seniors as they prepare for and enjoy their retirement. The panelists will discuss how older Americans can protect themselves from investment fraud while financially preparing for the future.
"This symposium comes at an important time, as many unscrupulous individuals have targeted older Americans for investment fraud. And this problem is growing as the Baby Boomer generation retires, people are living longer, and defined benefit plans are giving way to people managing their own retirement funds," said SEC Chairman Christopher Cox.
"Investor education is important for people of all ages, but older investors are often singled out as targets for micro-cap fraud, affinity fraud, identity theft, and other scams," said SEC Commissioner Paul S. Atkins. "They need to be armed with tools that will enable them to make sound investment decisions and to ask the right questions of those helping them to invest."
The symposium will be held May 18 from 9:00 a.m. to noon in the Illinois Rooms of the Federal Reserve Bank of Chicago. The SEC will also offer a live audio and video Web cast of the event on its Web site, www.sec.gov.