Resources List

 

Here is a list of resources for seniors seeking information on investments and investment advisers

  1. SEC: The SEC provides information on different products, asset allocations and risk. http://www.sec.gov/investor/seniors.shtml.
  2. FINRA: FINRA provides an online service for investors to check the backgrounds of brokers called Broker Check http://www.finra.org/InvestorInformation/InvestorProtection?ChecktheBackgroundofYourInvestmentProfessional/index.htm
    FINRA’s website also has tools and resources to protect senior investors and help them make informed investment decisions, including “Investor Alerts” that provide timely information on steering clear of investment scams and problems. See     http://www.finra.org/InvestorInformation/InvestorAlerts/index.htm
  3. NASAA: The North American Securities Administrators Association (NASAA) also has helpful information available for specific states. This organization is very proactive in providing resources for senior investors. http://www.nasaa.org/Investor_Education/Senior_Investor_Resource_Center/
    Regulators have warned that seniors may be confused by designations that imply some expertise in helping seniors select investments. Information regarding professional designations is available through NASAA’s Investor Alert at www.nasaa.org, the SEC’s information is at     http://www.sec.gov/investor/pubs/senior-prfdes.htm and FINRA’s professional designation database is at http/??apps.finar.org/DataDirectory/1/prodesignations.aspx.
  4. FTC: The Federal Trade Commission(FTC) works for the consumer to prevent fraudulent, deceptive, and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. They also enter Internet, telemarketing, identity theft, and other fraud-related complaints into Consumer Sentinel, a secure online database available to hundreds of civil and criminal law enforcement agencies in the U.S. and abroad. The FTC website is http://www.ftc.gov or call 877-FTC-HELP
  5. BBB: The Better Business Bureau (BBB) www.BBB.org is also an excellent resource for researching businesses that have been reported for fraudulent or deceptive practices.
  6. AARP: The Association of Retired Persons (AARP) has provided resources and funding for many research projects in various states in order to uncover scams targeted at senior citizens. They also have numerous free publications to help seniors become more astute investors. Go to http://www.aarp.org
 
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