Boiler room "cockroaches" continue to prey on elderly

Boiler room "cockroaches" continue to prey on elderly

The securities industry and regulators have had little success in stopping "the cockroaches of the investment business" -- the boiler room con-artists that specialize in fleecing the elderly, according to Registered Rep. magazine. The crooks are getting smarter, enforcement officials are short-handed and investor education has failed to teach people of the dangers.

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