MO Secretary of State advises seniors on avoiding scams - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

MO Secretary of State advises seniors on avoiding scams

CAPE GIRARDEAU, MO (KFVS) -

Senior citizens are often the target of scammers, but the Missouri Secretary of State's Office is there to help foil any plans to steal their money.

Secretary of State Jason Kander was in Cape Girardeau on Friday to talk with people at the senior center about ways to protect their money.

He said the elderly are often targeted because they're the people who most likely have some savings.

And the top threat to seniors is typically some type of investment scheme.

"One of the things we always tell seniors in the state is since the law says you have to be registered with the Secretary of State's Office to actually sell investments in the state, if they're not registered it's kind of a red flag that they might be operating outside the law," said Secretary of State Jason Kander.

Last year, the state legislature passed the senior savings protection act as a further cut down on financial exploitation.

Kander said this is now being used as an example in other states as well.

You can always check with the Secretary of State's Office to see if someone is registered with them; and Kander asked anyone who has fallen victim to this kind of scam to give them a call so they can alert others.

You can find more information at www.missourisafesavings.com or call the Investor Protection Hotline at 800-721-7996.

Download the KFVS News app: iPhone | Android

Copyright 2016 KFVS. All rights reserved.

Powered by Frankly