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Though people 65 or older represent about 20 percent of the population, they are victims of one-third of all investment scams, said Laura Posner, chief of the New Jersey Bureau of Securities, the story said.
M. Owen Donley III, an attorney with the U.S. Securities Exchange Commission, urged senior citizens to organize their important financial documents, provide emergency contacts to financial advisers, involve someone they trust and consider written instructions in the event that someone tries to take advantage of them financially, the story said.
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