People who market and sell financial products to Connecticut's senior citizens will face tighter rules starting July 1.
The General Assembly last week passed legislation barring people from touting themselves with phony certifications or professional designations claiming they have special expertise in products for the elderly.
AARP Connecticut says some seniors have been exploited by financial consultants, life insurance agents and others claiming to specialize in products for the elderly.
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New rules help protect the elderly
The General Assembly last week passed legislation barring people from touting themselves with phony certifications or professional designations claiming they have special expertise in products for the elderly.
AARP Connecticut says some seniors have been exploited by financial consultants, life insurance agents and others claiming to specialize in products for the elderly.
Full Article and Source:
New rules help protect the elderly
The rules need to encompass banks and attorneys who "overreach".
ReplyDeleteGood! This is progress!
ReplyDeleteAARP Connecticut is moving in the right direction. But, there are others who are targeting seniors and other vulnerable adults.
ReplyDeleteThere are good people working in banks, yet there are others who have dishonest intentions with access to their account holders and safe deposit box customers.
Beware of wolves in sheeps clothing!
Yes, there needs to be more but this does sound like a good beginning.
ReplyDeleteThere needs also to be heavy punishment for those who disobey CT's new rules.
ReplyDeleteGroups such as AARP focus on this type of abuse but ignore more prevalent and destructive types of abuse. That way they can pretend they are doing their jobs.
ReplyDeleteyeah, perception is deception
ReplyDeleteAARP needs to earn their monies and research before they print anything. Telling a half truth is "deception." Selling & endorsing insurance products for kick back is unethical and NOT in the seniors best interest. Also, to turn blind eye to the EXTREME DANGER of court appointed guardianship is... we have many words to describe it. Just remember, it could be your loved one and you need to know what really happens. Look up NASGA or A-N-G-E-R web sites they are both great!
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