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Tuesday, September 05, 2006

Incoming NASD chief working to shield boomers from scams

Incoming NASD chief working to shield boomers from scams

Pitching unregistered securities and annuities, scam artists are snatching up portions of unsuspecting seniors' retirement savings, but incoming NASD chief Mary Schapiro is working to shield the aging from such scams. The promise of a free dinner and social interaction is often used to lure seniors into fraudulent investment schemes.

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