PRESS RELEASE
Oklahoma Securities Commission Administrator Participates in National Adult Protective Services Association Elder Financial Abuse Summit
 
For Immediate Release
Friday, September 23, 2011 
 
Contact: Irving Faught, Administrator
  Oklahoma Securities Commission
  405-280-7700
 
 
Buffalo, NY/////  Oklahoma Securities Commission Administrator, Irving Faught , will participate in an Investor Protection Trust (IPT) panel discussion at the National Adult Protective Services Association (NAPSA) Summit on Elder Fraud Abuse, September 23, in Buffalo, New York.

The panel, “Warning Signs: Impact and Prevention of Elder Financial Fraud “will address the importance of recognizing and reporting elder investment fraud, as well as discuss the results of the newly released MetLife Mature Market Institute Study, “Elder Financial Abuse: Crimes of Occasion, Desperation, and Predation Against America’s Elders.”

Dubbed “The Crime of the 21st Century,” Elder Financial Abuse claimed $2.9 billion annually from older Americans, a 12% increase from the $2.6 billion estimated in 2008, according to the MetLife Study. To combat this problem in Oklahoma, the Oklahoma Securities Commission is participating in the IPT Elder Investment Fraud and Financial Exploitation Prevention Program (EIFFE), with 25 other states.

EIFFE is a collaboration between the Baylor College of Medicine, IPT, IPI, National Adult Protective Services Association (NAPSA), and NASAA in cooperation with leading U.S. medical associations including the American Academy of Family Physicians, the National Area Health Education Center Organization and the National Association of Geriatric Education Centers at the national level and State Securities Regulators’ offices, Adult Protective Services (APS) offices and state chapters of the professional medical associations at the state and local level.

The program’s primary goal is to train physicians, adult protective services professionals and senior caregivers to identify and assist those individuals at risk of elder investment fraud due to mild cognitive impairment.

To learn more about EIFFE, The NAPSA Elder Financial Abuse Summit or to read the MetLife Elder Financial Abuse study, visit investedok.org. Invest Ed®, the voice of investor protection in Oklahoma, is an educational collaboration between the Oklahoma Securities Commission and the University of Oklahoma Outreach.
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Invest Ed® Web Site 
 
This press release, and related information, is available on the Securities Commission's web site at securities.ok.gov, by phone at (405) 280-7700, or in writing at:  Oklahoma Securities Commission, 204 North Robinson, Suite 400, Oklahoma City, OK 73102.