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Drug lord ‘El Chapo’ may be tried in New York
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Uber to pay riders millions to settle safety suits
Zillow reports wider loss, drop in unique visitors
Oregon standoff ends as last four surrender
U.S., Russia spar over Syrian cease-fire terms
Google expands EU right-to-be-forgotten rules
FireEye earnings beat expectations
U.S. stock-market plunge paced by financials

Boeing has long history of accounting probes
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?

Google plans standalone VR headset

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

U.S. cities with the most and least vacant housing
  4 hidden hazards that lurk in your home
Location Scouts: Insider intel from top markets

Valeant’s M&A accounting cushions its income

Tesla predicts rosy 2016 —can Musk deliver?
Tesla reports loss, but says profit in sight
Tesla’s Model 3: 5 things we now know

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367773

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
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Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,039 -8 0.40%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Oil
/quotes/zigman/2260836/delayed 27.56 +1.35 5.15%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,419 -18 0.73%
Nikkei 225
/quotes/zigman/5986735/delayed 15,146 -567 3.61%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 112.52 +0.10 0.09%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.03%
DXY Index
/quotes/zigman/1652083/delayed 95.60 0.00 0.00%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.84 +0.08 0.09%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 +0.01 0.46%
German 10y
/quotes/zigman/15866409/realtime 0.19 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.00 -0.01 83.45%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.15%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,662 +50 0.32%
S&P F
/quotes/zigman/43106711/delayed 1,832 +7 0.38%
Silver
/quotes/zigman/32655632/delayed 16 0 0.41%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

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SmartMoney Blogs

Encore
A blog about living in and planning for retirement

Can Doctors Protect Retirees From Fraud?

By some estimates, the elderly lose almost $3 billion a year to financial exploitation, including scams by strangers and theft by caregivers and relatives. But a new program designed to prevent the phenomenon appears to be getting results, according to the nonprofit that funds the program.

Monkey Business Images / Shutterstock.com

Since its launch in 2009, the Elder Investment Fraud and Financial Exploitation (EIFFE) program has trained more than 3,000 doctors across the country “to spot the impaired mental capacity that can leave seniors vulnerable to financial abuse,” according to the Investor Protection Trust, a nonprofit dedicated to investor education that finances EIFFE.

During visits with elderly patients, the doctors ask questions including:

  • Who manages your money day to day? How is that going?
  • Do you run out of money at the end of the month?
  • Do you regret or worry about financial decisions you have recently made?
  • Have you given power of attorney to another person?
  • Do you have a will? Has anyone asked you to change it?

When medical professionals discover potential problems, they can make referrals to family members, state and local agencies including Adult Protective Services departments, and professionals including geriatric care managers and elder law attorneys.

“There are different levels of referrals, depending on what they observe,” says Don Blandin, president and CEO of the Investor Protection Trust. “Part of what we do in our training program is show doctors what is required in their states.”

Since the launch of a pilot program in Texas in 2009, the EIFFE program has trained 3,010 physicians in 26 states, Puerto Rico and Washington, D.C. Another 3,000 are expected to be trained over the next year, says Blandin. With the upcoming introduction of an online version of the course, “I suspect the number will jump to 15,000 medical professionals,” he says, adding that organizations representing pharmacists, dentists and other health-care professionals have also expressed interest in participating.

So far, the program seems to be working. Of the 67 physicians who gave permission to be contacted six months after completing the pilot course, 55% have used the screening tools and “many described having found patients deemed vulnerable enough to warrant referral,” says Blandin.  He says the program will soon survey more of the course’s alumni.

Meanwhile, a new survey by the Investor Protection Trust and the Investor Protection Institute, indicates that financial swindles targeting older Americans are a bigger problem today than ever before.

According to an earlier Investor Protection Trust survey, more than 7 million older Americans — one out of every five citizens over the age of 65 — already have been victimized by a financial swindle.  The MetLife Mature Market Institute estimates elders lose $2.9 billion each year to financial exploitation, up from $2.6 billion in 2009.

“Elder financial abuse is not only about financial exploitation: It is a major public health problem,” says Dr. Mark Lachs, a professor of medicine at Weill Cornell Medical College, who worked on the new survey. “When older Americans are financially exploited and there are no resources left for their care, these individuals effectively become wards of the state. In these cases, all Americans end up paying. This is a major problem and we know there is significant underreporting.”

The new survey polled 756 people who work with or have oversight over elderly investors, including state securities regulators, financial planners, health-care professionals, social workers, law enforcement officials and elder-law attorneys.

Among the findings:

  • Three out of four experts said that such swindles are a “very serious” problem.
  • 78% said older Americans are very vulnerable to investment fraud and financial exploitation.
  • The top three financial exploitation problems identified by the experts are (1) “theft or diversion of funds or property by family members” (79 percent); (2) “theft or diversion of funds or property by caregivers” (49 percent); and (3) “financial scams perpetrated by strangers” (47 percent).

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (3 of 3)

View all Comments »
    • My husband was diagnosed with cancer two years ago and been in hospitals and receiving chemo all this time. Being an attorney he was stunned to discover the extent of fraud by the hospitals and clinics. He has fought back and has succeeded in getting money back for his insurance companies for unneeded procedures, services he did not receive, overcharging, etc. Sometimes the overcharges are just an oversight but most of the extraneous charges were intentional. Unless patients fight back these hospitals are going to keep getting away with the theft. I do agree with the article that counseling services could help. By the way the instances we found were not perpetrated by his immediate doctors but the medical administrators of hospitals and clinics.

    • I think it might be a better idea for financial advisers to keep an eye on doctors committing financial fraud on their clients, quite frankly.

    • The Bar Association in Greene County told me as the result of my complaint that I sent them regarding how easy it was for my brother and sister in law to steal my mothers assets nearly $800,000 was taken right before she passed away in 2009. They told me in their response that “nothing unethical was found” because I did not file a civil case and that police did not make any changes.”

      The head of the committee told me in my phone call to her that ” this is being done all the time now and the attorney did nothing wrong’!
      He represented my deceased mother and he also reprsented my brother who also died in April 2011…karma! Plus there was nothing wrong in NOT telling the presiding judge in Probate case my mothter was blind, profoundly hard of hearing and had Alzhiemer’s Disease! I am not making this up and will share these documents with anyone that would like to read them.
      NO Wonder this is called an INDUSTRY OF EXLPOITATION of the Elderly.

About Encore

  • Encore examines the changing nature of retirement, from new rules and guidelines for financial security to the shifting identities and priorities of today’s retirees. The blog also explores news that affects retirement, from the Wall Street Journal Digital Network and around the web. Lead bloggers are reporter Catey Hill and senior editor Jeremy Olshan. Other contributors include The Wall Street Journal’s retirement columnists Glenn Ruffenach and Anne Tergesen; the Director for the Center for Retirement Research at Boston College, Alicia Munnell; and the Director of Research for Pinnacle Advisory Group, Michael Kitces, CFP.

MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Drug lord ‘El Chapo’ may be tried in New York
CEO Jamie Dimon's $26M bet on J.P. Morgan
Uber to pay riders millions to settle safety suits
Zillow reports wider loss, drop in unique visitors
Oregon standoff ends as last four surrender
U.S., Russia spar over Syrian cease-fire terms
Google expands EU right-to-be-forgotten rules
FireEye earnings beat expectations
U.S. stock-market plunge paced by financials

Boeing has long history of accounting probes
Boeing's stock plunge of historic proportions

Have central banks lost market credibility?

Google plans standalone VR headset

10 stocks leading the market’s decline Thursday
The stocks you need to fight off bear-market flu
Think like Warren Buffett — buy what’s ugly

Most popular new iOS emoji? Eye roll, please ...

One big Twitter question: Is the worst really over?
Buy Twitter? Only if you believe in management
Twitter message: Its critics were right

U.S. cities with the most and least vacant housing
  4 hidden hazards that lurk in your home
Location Scouts: Insider intel from top markets

Valeant’s M&A accounting cushions its income

Tesla predicts rosy 2016 —can Musk deliver?
Tesla reports loss, but says profit in sight
Tesla’s Model 3: 5 things we now know

Yellen in Senate: Stock swoon not Fed fault

Jobless claims data show no sign of a layoff spike

The greatest bull market of all time probably isn’t what you think it is
Greatest bull market ever likely isn’t what you think

Chuck Jaffe: It’s time for these trendy mutual funds and ETFs to put up or shut up
Time for trendy ETFs, funds to put up or shut up

Rio Tinto swings to loss, drops dividend policy
Total narrows loss on fewer write-downs
Glencore copper, zinc output falls on cutbacks


Jeb Bush says Trump would be worse than Obama

North Korea reportedly has executed top general

India set to outpace China in demand for oil
If you’re bullish on oil, these stocks are buys

Which of Europe’s Piigs might fly?
Which of Europe’s PIIGs might be set to fly?

The 10 toughest investment decisions

Bass issues warning on China’s foreign cash reserves
What’s holding back the world economy?
China's FX reserves drop $99.47 bln


Will falling oil prices bankrupt Saudis, Russians?
Cheap oil may make OPEC dominant again
As oil revenue drops, Gulf states ponder taxes
Will oil get so cheap, it won’t pay to extract it?

Hearing loss now hits 1 in 3 Americans over 65
Hearing loss now hits 1 of every 3 Americans over 65

REIT bonus targets at heart of Brixmor scandal

Even private-equity firms are buying back shares

Has the idea of college financial aid totally backfired?
Michael Moore: Imagine life without student debt
6 ways Obama would make college affordable


/conga/frontpage.html 367773

Markets »

172.07MDow Volume:
Avg Vol: 132.13M
Unchanged
147
Decliners
4753
Advancers
1612
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 15,660 -255 1.60%
Nasdaq
/quotes/zigman/12633936/realtime 4,267 -17 0.39%
S&P 500
/quotes/zigman/3870025/realtime 1,829 -23 1.23%
GlobalDow
/quotes/zigman/629063/realtime 2,039 -8 0.40%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Oil
/quotes/zigman/2260836/delayed 27.58 +1.37 5.23%
FTSE 100
/quotes/zigman/3173262/delayed 5,537 -135 2.39%
DAX
/quotes/zigman/2380246/delayed 8,753 -264 2.93%
CAC 40
/quotes/zigman/3173214/delayed 3,897 -164 4.05%
FTSE MIB
/quotes/zigman/1482176/delayed 15,773 -941 5.63%
IBEX 35
/quotes/zigman/2759620/delayed 7,746 -397 4.88%
Stoxx 600
/quotes/zigman/2380150/delayed 304 -12 3.68%
Asia Dow
/quotes/zigman/6959860/realtime 2,419 -18 0.73%
Nikkei 225
/quotes/zigman/5986735/delayed 15,146 -567 3.61%
Hang Seng
/quotes/zigman/2622475/delayed 18,546 -742 3.85%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 22,952 -807 3.40%
Singapore
/quotes/zigman/1709939/delayed 2,538 -44 1.70%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 0.00 0.13%
Yen
/quotes/zigman/16008150/realtime/sampled 112.52 +0.10 0.09%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 0.00 0.06%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.03%
DXY Index
/quotes/zigman/1652083/delayed 95.60 0.00 0.00%
WSJ $ Idx
/quotes/zigman/41508961/realtime 88.84 +0.08 0.09%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.67 +0.01 0.46%
German 10y
/quotes/zigman/15866409/realtime 0.19 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.72 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.77 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.30 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.00 -0.01 83.45%
Crude Oil
/quotes/zigman/2260836/delayed 28 +1 5.23%
Gold
/quotes/zigman/33772884/delayed 1,240 -8 0.61%
Corn
/quotes/zigman/25518691/delayed 361 +1 0.21%
DJIA F
/quotes/zigman/48241424/delayed 15,662 +50 0.32%
S&P F
/quotes/zigman/43106711/delayed 1,832 +7 0.38%
Silver
/quotes/zigman/32655632/delayed 16 0 0.41%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 101.91 0.91 0.90%
AAPL /quotes/zigman/68270/composite 93.70 -0.57 -0.60%
GOOG /quotes/zigman/59527964/composite 683.11 -1.01 -0.15%
BAC /quotes/zigman/190927/composite 11.16 -0.82 -6.84%
C /quotes/zigman/5065548/composite 34.98 -2.43 -6.50%
F /quotes/zigman/264304/composite 11.17 -0.17 -1.50%
T /quotes/zigman/398198/composite 36.21 -0.22 -0.60%
BP /quotes/zigman/247026/composite 27.64 -0.40 -1.43%
GE /quotes/zigman/227468/composite 27.45 -0.85 -3.00%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.96% 11.62%
Business 13.12% 13.12% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.35% 14.12%
Airline 15.17% 15.17% 15.10%
Cash Back 15.20% 15.26% 15.27%
Reward 15.25% 15.28% 15.14%
Instant Approval 18.02% 18.21% 18.00%
Bad Credit 22.56% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

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