SIFMA provided comments to the U.S. Senate on the Elder Abuse Prevention and Prosecution Act (S. 3270). SIFMA supports the act to prevent elder abuse and exploitation and improve the justice system’s response to victims in elder abuse and exploitation cases. America’s senior population is growly rapidly, and is one of the most highly targeted groups for financial exploitation. Unfortunately, due to the nature of senior financial exploitation, it is currently one of the least understood forms of abuse in America. In fact, no one even knows the full extent of the damage caused by this form of abuse.

See also:
S.3270 – Elder Abuse Prevention and Prosecution Act