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Retirement Planning > Social Security

Massachusetts Launches Elder Financial Abuse Training Program

By Marlene Satter

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A new training program is being offered in Massachusetts by the Securities Division to train the state’s law enforcement personnel on financial fraud and elder financial abuse.

Combating Elder Financial Abuse and Securities Fraud, according to the division, “highlights common schemes and hallmarks of financial abuse that harm older adults and other vulnerable populations.”

The free program, announced by Secretary of State William F. Galvin, the state’s top securities regulator, provides training and resources on how to recognize warning signs and report suspected problems to collaborating agencies such as the Massachusetts Securities Division.

Focusing on the impact of elder financial fraud and exploitation, it includes common misconceptions about vulnerable adults. The training will also cover topics related to financial abuse, common financial scams, and securities fraud perpetrated against older adults.

“It is important for my office to collaborate with law enforcement throughout the commonwealth to combat elder financial abuse and securities fraud,” Galvin said in a statement.

Those seeking additional information regarding the Combating Elder Financial Abuse and Securities Fraud program or who may wish to set up training in their community may contact the Massachusetts Securities Division at 617-727-3548.

Marlene Satter

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