PRESS RELEASE
ADMINISTRATOR TO PRESENT ON ELDER FINANCIAL ABUSE
 
For Immediate Release
Thursday, March 17, 2016 
 
Contact: Irving Faught, Administrator
  Oklahoma Securities Commission
  405-280-7700
 
 
Oklahoma City/////  Irving L. Faught, Administrator, Oklahoma Securities Commission, will be presenting Monday March 21, 2016, at the annual American Society of Aging Conference in Washington, D.C. There are nearly 3,000 professionals attending the conference. Faught is presenting as part of the Elder Investment Fraud and Financial Exploitation (EIFFE) Investor Protection Trust (IPT) presentation. Faught is an IPT Trustee.

Oklahoma has initiated EIFFE pilot programs to work with medical professionals, lawyers, and securities professionals. “We have structured the programs to educate these professionals on how to approach the problems of elder abuse in Oklahoma,” said Faught. EIFFE is a prevention program focused on educating professionals about how to spot older Americans who may be particularly vulnerable to elder financial abuse and then refer these individuals to state authorities.

Speakers joining Faught for the American Society of Aging presentation (with full Q&A) will include:

• Don Blandin, president and CEO, Investor Protection trust;
• Robert Roush, EdD, MPH, professor of geriatrics & director, Texas Consortium Geriatrics Education Center, Baylor College of Medicine, Huffington Center on Aging;
• Lori Stiegel, JD, assistant staff director, Commission on Legal Problems of the Elderly, American Bar Association.

Faught will also participate in a phone based news event on Tuesday March 22, 2016 at 12:30 CST. During this event, IPT will release the results of their new survey. “This new Investor Protection Trust Survey is benchmarked to a 2010 poll to show progress…or the lack of it, in the area of financial victimization of the United States elderly,” said Faught. Some of the key questions to be addresses are: How many millions of Americans over the age of 65 already have been victimized in a financial swindle? Has this problem gotten worse, improved, or stayed about the same since 2010? Do adult children worry that their elderly parents are on the verge of being less able to handle their finances? Can medical, legal or other professionals play a role in detecting and acting on signs of diminished mental capacity that leaves older Americans vulnerable to financial abuse?

The results for the 2010 poll along with other IPT research on elder investment fraud are available to the public at http://www.investorprotection.org/ipt-activities/?fa=research.

To Patricipate: Join the phone based news conference at 12:30 p.m. CST on Tuesday March 22, 2016 by dialing 1 (800) 860-2442. Ask for the “IPT/Elder Fraud Survey” news event.

Can’t Participate Live: a streaming audio recording of the news event will be available at http://www.investorprotection.org as of 5:00 p.m. CST on March 22, 2016.

The Oklahoma Securities Commission is the policy making and governing authority of the Department of Securities. The primary mission of the Department is investor protection through the administration and enforcement of Oklahoma’s securities laws. Oklahoma law prohibits fraud in securities transactions and requires the registration of broker-dealers, agents, investment advisers and investment adviser representatives and the registration of securities.
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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.