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Groundbreaking Program to Spot Vulnerability in Seniors

It’s unfortunate but true - seniors are the target of many financial scams. And new medical research shows that more than a third of Americans over the age of 71 have mild cognitive impairment (MCI) or Alzheimer’s disease that make them particularly susceptible to investment swindles and other financial abuse.

Oregon has joined more than 23 other state securities regulators in a major national Elder Investment Fraud and Financial Exploitation Prevention program. The unprecedented effort will educate thousands of U.S. medical professionals about how to spot older Americans who may be particularly vulnerable to investment fraud abuse and then to refer these at-risk patients to state securities regulators and adult services professionals.

In Oregon, a clinician or caregiver who clinician suspects some type of financial exploitation would refer their concerns to the Oregon Division of Finance and Corporate Securities or to Oregon’s Adult and Protective Services Division.

The education to medical professionals is in the form of continuing education credits and would include warning signs of patient vulnerability. The program also seeks to educate others, such as adult and protective services professionals and senior caregivers, about financial exploitation among seniors.

If you are interested in a presentation or continuing education, please contact Diane Childs at 503-947-7423 or diane.m.childs@state.or.us.


Patient education brochure (pdf)

Clinician guide (pdf)

What to look for - red flags in patient/client history:

  • Social Isolation
  • Bereavement
  • Dependence on another to provide care
  • Financially responsible for adult child or spouse
  • Alcohol or drug abuse
  • Depression or mental illness

The Elder Investment Fraud and Financial Exploitation Prevention Program is a collaboration between the Investor Protection Trust (IPT), Investor Protection Institute (IPI), NASAA, and the National Adult Protective Services Association (NAPSA) in cooperation with leading U.S. medical associations including the American Academy of Family Physicians, American College of Physicians, American Geriatrics Society, National Area Health Education Center Organization, and the National Association of Geriatric Education Centers. This program was created by the Baylor College of Medicine with grant funding from the Investor Protection Trust and piloted in Texas.