FINRA-reviewed Resources - Tip for Consumers: Fraud Prevention

Posted on April 5, 2016


Senior citizens near and in retirement are targeted by fraudsters. These con artists are masters of persuasion, tailoring their pitches to match the psychological profiles of their targets. Recent research has shattered the traditional concept of the financial fraud victim. Targeted individuals tend to be financially knowledgeable (victims scored higher on financial literacy tests than non-victims), college educated, have above average income and are self-reliant when it comes to making decisions.

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