Senior News & Alerts

February 1, 2012

NASAA Cautions Investors Not to Stumble When Interest Rates Fall Flat

February 1, 2012 - Following the Federal Reserve’s announcement that interest rates are expected to remain low until at least late 2014, NASAA today cautioned investors to beware of risky or outright fraudulent investments promising higher yield or returns.
August 16, 2011

Informed Investor Alert: Annuities

Annuities are complex products that may combine the characteristics of insurance and investment securities. Because of their hybrid nature, annuities are sometimes marketed as one-size-fits-all products. This is simply not true.
August 9, 2011

10 Tips to Protect Your Nest Egg

NASAA offers seniors ten common-sense solutions to avoid investment fraud.
August 13, 2010

NASAA, SEC, FINRA Publish Updated Best Practices for Firms Serving Senior Investors

August 13, 2010 - The SEC, FINRA and NASAA issue an updated joint report that outlines practices being used by financial services firms to strengthen their policies and procedures for serving senior investors as they approach and begin retirement.
November 12, 2009

The Most Dangerous Piece of Mail You’ll Get All Year is For a Free Lunch

New AARP Survey Shows High Level of Concern About Impact of Financial Scams Among 55+ Population Washington, DC, November 12, 2009 – More than three-quarters of older Americans are concerned that financial scams will damage their retirement nest eggs or those of someone they know, AARP and the North American Securities Administrators Association (NASAA) said […]
May 4, 2009

State Securities Regulators Voice Strong Support For Senior Investment Protection Act

NASAA Applauds Sen. Herb Kohl’s Leadership in the Ongoing Fight Against Senior Investment Fraud WASHINGTON, D.C., May 4, 2009—The North American Securities Administrators Association (NASAA) today announced its strong support for the “Senior Investment Protection Act of 2009” (S. 906), legislation designed to protect senior investors from unscrupulous and unqualified financial advisers. Introduced by Sen. […]
April 29, 2009

State Securities Regulators Continue to See Fraud and Abuse in the Life Settlement Market

WASHINGTON, D.C. (April 29, 2009)—State securities regulators continue to see problems of fraud and abuse in the growing life settlement industry and outlined for Congress the need for strong regulation of these financial products by appropriate regulatory authorities. “Although life settlements may serve a useful purpose by enhancing the value and liquidity of life insurance […]
October 14, 2008

AARP and NASAA Launch “Free Lunch Seminar Monitor” Program

Older Americans Increasingly Targeted By Financial Scammers WASHINGTON (October 14, 2008) – With fraud and scams on the rise, older Americans remain a primary target for unscrupulous individuals. In collaboration with the North American Securities Administrators Association (NASAA), AARP today announces the Free Lunch Seminar Monitor program, which gives individuals an opportunity to fight back […]
October 2, 2008

California Gov. Schwarzenegger Signs Senior Investor Protection Legislation Into Law

California and Alabama Join Growing Number of States to Adopt Provisions Based on NASAA Model Rule on the Use of Senior Certifications and Professional Designations WASHINGTON, D.C. October 2, 2008—The North American Securities Administrators Association today commended California Governor Arnold Schwarzenegger for signing into law important senior investor protection legislation based on NASAA’s Model Rule […]
September 22, 2008

Regulators Release New Report to Assist Financial Services Firms in Serving Older Investors

Washington, D.C., Sept. 22, 2008 – As part of the Securities and Exchange Commission’s third annual Seniors Summit held in Washington today, the staff of the SEC along with the Financial Industry Regulatory Authority (FINRA) and the North American Securities Administrators Association (NASAA) released a joint report outlining practices that financial services firms can use […]