Boca Raton, FL (PressExposure) March 17, 2009 -- With the first 'Baby Boomers' turning 60, regulators warn that investment fraud among seniors, which already accounts for nearly half of all investor complaints received, could grow significantly. Fraudulent investments that attempt to trap senior abound. âIssues surrounding Senior Investment Fraud are quickly taking the media by storm. In this program we will demonstrate that we will not tolerate the victimization of senior investors. The most effective weapon against senior investment fraud is aggressive enforcement efforts combined with financial education to protect investors from unscrupulous individuals,â said the Senior Producer of the program.
A survey by the North American Securities Administrators Association (NASAA) shows senior investment fraud accounts for nearly 50% of all complaints received by state securities regulators. That number has increased from the 2005 survey, when 28% percent of fraud reports involved the elderly. The first step to stopping investment scams or scamming people in general on investment issues, is to increase public awareness on this very important issue for national education.
If seniors are not educated on fraudulent cons, they will not be armed to be able to recognize they may be in the midst of one, or know how to combat them once they are confronted. Business Trends TV will help in educating the consumer and business professional alike in three upcoming segments scheduled to air in the fourth quarter of 2009.
About Business Trends TV:
Business Trends TV is part of a privately owned and operated television production company that is on the leading edge of documentary television industry. The series is distributed to Public TV and is hosted by Mr. Hugh Downs. For more information visit [http://www.businesstrendstv.com] or call Mark Miller at 954-652-8674 or [http://www.businesstrendstv.com/PressReleases/SeniorInvestmentFraud.htm]
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