Senior Investor Q&A with Fox Business: DOL’s Retirement Regulation and the Financial Fraud Epidemic

Casey Dowd, author of FoxBusiness.com’s The Boomer, sat down with SIFMA’s Lisa Bleier, Managing Director & Associate General Counsel at SIFMA, to discuss some of the most pressing issues facing senior investors today. In a two-part interview, they review the negative impact of the Department of Labor ‘s proposed retirement regulation and the growing epidemic of financial fraud.

From Part 1 of their conversation, Should the Department of Labor Be Giving Financial Advice?:

“Unfortunately, while well- intended, the DOL’s proposal could harm the very same investors it intends to protect, with less guidance, fewer choices and higher fees.”

And, from Part 2, Financial Fraud is a Growing Epidemic for Seniors:

“An estimated 55 percent of financial abuse in the United States is committed by family members, caregivers, and friends. This number is based on “reported” accounts, which means that actual cases of financial abuse could be far higher. Every day for the next 16 years, 10,000 Americans will turn 65. This means that of those 10,000, an estimated 2,000 of them will be a victim of financial fraud.”

Read the full Q&A at FoxBusiness.com:

• Part 1: Should the Department of Labor Be Giving Financial Advice? (October 15, 2015)
• Part 2: Financial Fraud is a Growing Epidemic for Seniors (October 22, 2015)

See Also:

• View SIFMA’s DOL Fiduciary Resource Center
• Take action: Tell Congress to Keep Retirement Open