SEC Commissioners Urge Beefed-Up Elderly Protection

Securities and Exchange Commission Republican Commissioner Daniel Gallagher and Democratic Commissioner Luis Aguilar urged the agency to beef-up elder financial protection efforts. Gallagher criticized the SEC for letting anti-elder fraud activities fall away since the start of the financial crisis. “It’s time to step up again,” the Republican Commissioner said. On the Democratic side, Aguilar said the agency should do more. For one, it should establish a working group on senior fraud composed of representatives from the enforcement, examination, and investor education sections, he said. He added senior issues should be included in the agency’s rulemaking across the board. “Elder…

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