The Financial Industry Regulatory Authority (FINRA) today published the findings of its research into how emotions can increase susceptibility to fraud in older adults.
Recognizing the mechanisms of scams helps investors to protect themselves.
It is a well known fact that financial fraudsters often attempt to evoke strong emotions in their victims in order to convince them to hand over money, and the evidence is that seniors may be particularly vulnerable to the effects of heightened emotions on decision making.
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