Pennsylvania Banking and Securities Department Premieres Elder Financial Abuse Video to International Securities Convention

HARRISBURG, Pa., Sept. 15, 2016 /PRNewswire-USNewswire/ -- At the annual conference of the North American Securities Administrators Association (NASAA) in Providence, RI, Secretary of Banking and Securities Robin L. Wiessmann and members of her staff introduced attendees to "Elder Financial Abuse," a video developed to help professionals who work with senior citizens identify, report, and prevent their clients from financial scams and abuse.

The video features interviews with victims of elder financial abuse and their families, as well as revealing data and statements from medical experts and professionals working to care for and protect senior citizens.

"Showing this video to our regulatory counterparts throughout North America expands the reach and emphasizes the importance of protecting our elders," Secretary of Banking and Securities Robin L. Wiessmann said. "Our presentation also demonstrates that Pennsylvania is a national leader in the campaign to create awareness of and high-level policy discussion about investment suitability, scams, and uses and misuses of increasingly complex financial products and tools."

The video stresses four signs for professionals, caregivers, and family members to watch: social isolation; poor investment decisions; sudden changes of their will; and a reduced ability to make decisions. The video is available on the Department of Banking and Securities Facebook: www.facebook.com/PABankingAndSecurities/videos.  

NASAA is a voluntary association whose membership consists of 67 state, provincial, and territorial securities administrators in the 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Canada, and Mexico. The association is the oldest international organization devoted to investor protection.

The video was produced through a partnership of the PA Department of Banking and Securities, the PA Department of Aging, the Investor Protection Trust, and NASAA.

Pennsylvanians can contact the Department of Aging's hotline to report all forms of elder abuse, including elder financial abuse, at 1-800-490-8505. Members of the general public can also call the Banking and Securities consumer helpline (1-800-PA-BANKS or 1-800-600-0007) to file a complaint or ask questions about financial products, transactions, or companies. You can follow financial news, trends, and the PA Department of Banking and Securities on Facebook and Twitter.

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking and Securities