NASAA to Detail Threats to Senior Investors

NASAA President and Wisconsin Securities Administrator Patricia D. Struck to Testify before U.S. Senate Special Committee on Aging

WASHINGTON, D.C. (March 28, 2006) – North American Securities Administrators Association (NASAA) President and Wisconsin Securities Administrator Patricia D. Struck will identify three troubling trends endangering the retirement nest eggs of our nation’s growing senior population in testimony tomorrow, March 29, before the U.S. Senate Special Committee on Aging.

“These are dangerous economic times for seniors,” Struck said. “Con artists read the headlines, and they need little encouragement to emerge from the side streets and back alleys to Main Street where older investors live.”

Struck will testify at a hearing entitled “Not Born Yesterday: How Seniors Can Stop Investment Fraud,” with representatives of the U.S. Securities and Exchange Commission, NASD, and a victim of senior investment fraud.  In her testimony, Struck also will outline the steps state securities regulators are taking to protect senior investors from fraud.

The hearing is scheduled for 10 a.m. March 29 in Room 106, Dirksen Senate Office Building.  Details about the hearing are available on the Committee’s website. Struck’s testimony also will be available on the NASAA website.

NASAA is the oldest international organization devoted to investor protection. Its membership consists of the securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, the provinces and territories of Canada, and Mexico.

For More Information:
Bob Webster
Director of Communications
202-737-0900

2006 Headlines, Newsroom