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The Elder Investment Fraud and Financial Exploitation Project
By Staff Reporters
A new program created in Houston and tested in Texas will teach medical professionals nationwide to identify and report signs of elder financial abuse.
The EIFFE
The Elder Investment Fraud and Financial Exploitation project includes a new survey and prevention campaign to help people 65 year, and older, avoid being fleeced. The program is designed to help geriatric health professionals and financial regulators work more closely to identify, and report and investigate elder financial abuse.
Assessment
And still, FINRA, the SEC and others are procrastinating on fiduciary responsibility for financial advisors.
http://blogs.chron.com/medblog/archives/2010/06/houston_program.html
Conclusion
And so, your thoughts and comments on this ME-P are appreciated. FAs, and CSAs, are you embarrassed by this program? Are you a fiduciary – much like a physician or lawyer? Doctors, how do you feel – burdened, resentful, empowered, etc?
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Filed under: "Advisors Only", "Doctors Only", Ethics, Financial Planning, Health Law & Policy | Tagged: Elder Investment Fraud and Financial Exploitation Project, finance reform, financial fiduciary, FNRA, SEC | 11 Comments »
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