The elderly, with informed consent, should sign their ‘investable’ assets over to a ‘trustworthy’ group, meaning nobody sells them anything. Can one trust the trustworthies?
I’m just saying something could be done. Too many old and lonley folks out there that are too vulnerable. Even that Lennie character in “of Mice and Men” needed George to look after him. If the old folks had any relative that could put the kabosh on a relatives business deal all they’d need is a go-between to monitor any potential deal. Make the the shysters check the registry to see if the customer is protected.
“Too many old and lonley folks out there that are too vulnerable.”
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Fraudsters and con artists often prey on them. Even some legitimate businesses too. Very sad situation that is begging for some kind of protective service. Would be nice if the nation’s colleges (business schools) set up something (i.e., trustworthies) to help prevent this kind of theft and abuse?