Program to Spot Vulnerability in Seniors
Its 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 Alzheimers
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 Oregons 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 firstname.lastname@example.org.
Patient education brochure
Clinician guide (pdf)
What to look for - red flags
in patient/client history:
- Social Isolation
- 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.