Preying on the elderly - Treat it as a crime

IF anyone decides to investigate investment options they should expect to be told the truth and nothing but the truth about the product offered by a bank or advisor.

Sadly, this does not appear to be the case and it seems that older people are especially susceptible to unscrupulous sales people who are prepared — and this is the least offensive way we can describe it — to be economical with the truth.

Misrepresenting the earning potential of a financial package is a form of theft and should be treated as such.

However, our track record on confronting white-collar crime is such that those involved in this shabby business are unlikely to face any kind of censure much less appropriate punishment.

Why do we put up with it?


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