SEC Chairman Discusses Scams Targeting Seniors
.........In the last year, the SEC has targeted what Cox called the free lunch seminar scams. In those, seniors are invited to a free meal, where they are promised investment education.
In every case, Cox said it turns out to be a high-pressure pitch from a salesman.
He said 59 percent of the ones the commission investigated had indications of fraud.
"That was a good area for us to crack down," he said.
Cox said the SEC has not totally shut down the free lunch scams, but he said it has reduced the number............
Smart Pros
In every case, Cox said it turns out to be a high-pressure pitch from a salesman.
He said 59 percent of the ones the commission investigated had indications of fraud.
"That was a good area for us to crack down," he said.
Cox said the SEC has not totally shut down the free lunch scams, but he said it has reduced the number............
Smart Pros
posted by Milt Baker CPA | 6:56 AM
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