Tag: senior fraud

New Minnesota law empowers financial advisers to report fraud against seniors

Posted on by Face Aging MN

As of August 1, 2018, the “Safe Senior Act” goes into effect in Minnesota. The “Safe Senior Act” allows broker-dealers and investment advisers to report possible financial exploitation of seniors and vulnerable adults to the Minnesota Department of Commerce or the Minnesota Adult Abuse Reporting Center. This bipartisan legislation proposed by the Minnesota Commerce Department…

Starting the financial conversation with loved ones

Posted on by Face Aging MN

Are you and your loved ones prepared for financial questions that will arise along the aging journey? Conversations about finances can feel uncomfortable, but open discussions are essential in preparing for the future. It’s important to review steps to prevent fraud and misunderstanding. The financial conversation also includes talking about responsibilities for if your aging…