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U.S. lawyer groups launch effort to prevent elder financial fraud

Lawyers will have access to training on identifying elderly clients who have fallen prey to financial scams under a continuing education program introduced Tuesday by the American Bar Association and two investor protection groups. The program will teach lawyers how to spot signs of cognitive impairment, identify possible cases of investment exploitation and report these suspected instances to the appropriate authorities. Sponsored by the ABA along with the Investor Protection Trust and the Investor Protection Institute, two nonprofit organizations devoted to investor education and protection, the new program is called the Elder Investment Fraud and Financial Exploitation Prevention Program Legal. More on Reuters here.

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