The North American Securities Administrators Association (NASAA) is stepping up its training for financial industry employees designed to help guard against the exploitation of senior clients.
NASAA announced Thursday thatiSenior$afe, which aims to help identify and report suspected abuse of seniors, will be expanded to include specific training for employees of banks and credit unions.
The program was launched earlier this year for brokerage firms and investment advisors.
NASAA also designated Oct. 2-8 as Senior$afe Training Week and said 17 jurisdictions are planning on offering training during that week, with others planning to offer outside that week.
“Training, identifying, and reporting are essential to address the growing problem of elder financial exploitation,” said Judith Shaw, NASAA president and Maine Securities Administrator, in a news release.