Seniors a 'bulls-eye' for scams uncovered by the states

About a quarter of the enforcement actions brought by state securities regulators last year that track victims by age involved alleged scams targeting senior citizens.

In a new report, the North American Securities Administrators Association found that cases affecting the elderly included on average three senior victims per case.

Most of these cases involved sales of unregistered investments and affinity fraud, where crooks solicit money from identifiable groups like retiree communities or ethnic organizations. They often pose as a member of that group.

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