Investment workshop set for older residents

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AUBURN – The Auburn Public Library will host a free workshop, “Invest Smart! Spotting Investment Fraud and Abuse,” from noon to 1:15 p.m. Wednesday, July 25. The session will focus on investment issues of particular relevance to older investors, but is open to all.

Alyson Cummings, investor education manager for the Maine Office of Securities, will be the presenter.

The audio/visual workshop will include information vital to investors for spotting potentially fraudulent or questionable investment practices and how the Office of Securities can help Maine investors.

“Last year, our office licensed over 66,000 investment professionals to offer brokerage and other investment services in Maine,” said Cummings. “The vast majority of these professionals are competent and honest, but Maine citizens, particularly older citizens, need to know how to protect themselves from potential scam artists and unscrupulous professionals because the consequences of falling prey to an investment scam can be so devastating.”

The series aimed at older investors is funded by a grant from the Investor Protection Trust. The trust is a nonprofit organization devoted to investor education since 1993.

It has worked with the states to provide the independent, objective investor education needed by all Americans to make informed investment decisions.

Seating is limited, so participants should call the Office of Securities at 1-877-624-8551 to preregister.

The Office of Securities is part of Maine’s Department of Professional and Financial Regulation. Consumers can learn more about the department online at www.maine.gov/pfr.

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