Scams Target Older Investors Warn Regulators
An 82 year old Beaverton resident lost over 260000 to a high yield scheme learned via Life After 50. He and his wife filed for personal bankruptcy ahead of looming home foreclosure. State securities regulators warn seniors face rising investment fraud as aging populations grow more vulnerable. The NASAA launches education programs and a senior investor resource center to curb abuse while opposing federal preemption on settlement practices.
MENTIONED IN THIS ARTICLE
Washington (Ap
Kenneth Reusser
Beaverton
Ore
Reusser
Trudy
North American Securities Administrators Association
United States
Canada
Mexico
Educa
Tiow
Christine Bruenn
Maine
Securi
Ate
Bruenn
Regulators’ Group
Arizona
Delaware
Massachusetts
Brvenn
After 9/11 Small Businesses Begin to Recover
In New York and California owners describe a slow rebound two years after the attacks. Evelyn Robb’s Evelyn’s Chocolates faces lost trade while Tom Lusi’s Removable Media Solutions pivots to digital storage. Greenberg’s The Complete Traveler Bookstore shifts to antiquarian volumes as SBA loans aid some recovery.
MENTIONED IN THIS ARTICLE
New York
World Trade Center
Evelyn Robb
Lower Manhattan
Robb
Rancho Cordova
Calif
Tom Lusi
Homeland Security
Lusi
Removable Media Solutions Inc
Pentagon
Evelyn’s. Chocolates
Arnold Greenberg
Greenberg
Complete Traveler
Evelyn
Nasdaq Posts Seven Day Stock Rally In New High
Nasdaq posts a seven day winning streak with a 0.9 percent gain to 1,868.97, the longest since 2000, as factory orders and productivity data bolster optimism. Dow rises 0.2 percent to 9,587.90 and S&P climbs to 1,027.97 amid strong market breadth and rising tech bets.
MENTIONED IN THIS ARTICLE
New York
Peter Dunny
Wall Street Access
Standard & Poor
Dollar-Gold Mixed in European Trading
The dollar mixed against major currencies in Europe with the euro at 1.0878 in late trading and 1.0890 in New York. U.S. factory orders rose 1.6 percent in July aided by big-ticket goods and nondurables, while Labor Dept reports showed productivity up 6.8 percent in Q2 but initial jobless claims rose 15,000 to 413,000, signaling a weak job market.
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London
U.S
New York
Europe
Commerce Department
Labor Department
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