Oppenheimer cares about our senior investors and those who care for them. See below for links and helpful information concerning senior investors. We have gathered: tools to help you protect yourself, educational resources and ways in which Oppenheimer works to protect our clients.
How Oppenheimer Works to Protect Our Clients
- Our Policies That Help Protect Our Clients Against Identity Theft
- Asset Protection at Oppenheimer
Have You Experienced Financial Abuse?
Financial abuse is the illegal or improper use of an elderly or disabled person's funds, property, or assets1. It is estimated that financial exploitation costs seniors at least $2.9 billion annually, and that 55% of financial abuse is committed by family members, caregivers and friends2.
Examples of financial abuse1
- Cashing an elderly or disabled person's checks without authorization or permission
- Forging an older person's signature
- Coercing or deceiving an older person into signing any document (e.g., contracts or will)
- Misusing or stealing money or possessions from the elderly or disabled
- The improper use of conservatorship, guardianship, or power of attorney
- Sudden changes in account balances or banking practice
- Additional names on an elder's bank signature card
- Unauthorized withdrawal of funds using the elder's ATM card
- Abrupt changes in a will or other financial documents
- Unexplained disappearance of funds or valuable possessions
- Substandard care being provided or bills unpaid despite the availability of adequate financial resources
- Discovery of an elder's signature being forged for financial transactions or for the titles of his/her possessions
- Sudden appearance of previously uninvolved relatives claiming their rights to an elder's affairs and possessions
- Unexplained sudden transfer of assets to a family member or someone outside the family
- The provision of services that are not necessary
- An elder's report of financial exploitation
If you or someone you care for has been a victim of financial abuse, tell someone you trust or call your local police department.
1 US Administration on Aging, National Center on Elder Abuse (n.d.). Retrieved from http://www.ncea.aoa.gov/FAQ/Type_Abuse/index.aspx#financial
2 National Committee for the Prevention of Elder Abuse, Virginia Tech, Metlife Mature Market Institute (2011). The Metlife Study of Elder Financial Abuse: Crimes of occasion, desperation and predation against America’s elders. Westport, CT
Third Party Resources
By accessing the links below, you will be leaving the Oppenheimer & Co. Inc. website and entering websites hosted by other parties. Please be advised that you will no longer be subject to, or under the protection of, the privacy and security policies of the Oppenheimer & Co. Inc. website. The other parties are responsible for the content on their website. You are encouraged to read and evaluate the privacy and security policies on the specific site you are entering.
- FBI Senior Resources
- FINRA Investor Education
- FINRA's Securities Helpline for Seniors
- Federal Trade Commission - Consumer Information - Senior Information
- The National Center on Elder Abuse Administration on Aging
- North American Securities Administrators Association (NASAA)
Senior Investors Resource Center
- SEC Investment Information for Seniors
- SIFMA Senior Investor Protection Resource Center
- U.S. Postal Inspection Service - Fraud Against Older Americans