Tennessee Department of Commerce & Insurance Securities Division is working to protect seniors from fraud

NASHVILLE, Tenn. (CLARKSVILLENOW) – Did you know that an estimated 75 percent of the nation’s consumer wealth is held by people age 50 and over? Scammers do, and that’s why senior investors are some of their most frequent targets.

The Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division has amped up statewide outreach efforts to equip senior consumers with the knowledge they need to protect their assets from fraud.

“Scammers are always creating new ways to con people out of their hard-earned money,” said TDCI Assistant Commissioner for Securities Frank Borger-Gilligan. “Our staff has hit the road and is visiting communities across the state to educate Tennessee seniors on how to protect their nest egg from the latest scam tactics.”



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