TDCI warns seniors about risks of unregulated cryptocurrency investments.
Verify investment providers and avoid unsolicited online advice to prevent fraud.
Proactively promoting knowledge of the possible hazards involved in investing in unregulated items, such cryptocurrency, is the Tennessee Department of Commerce & Insurance (TDCI) Division of Securities. This effort aims to protect seniors citizens, in particular, from financial abuse and fraud.
In advance of World Elder Abuse Awareness Day, TDCI Commissioner Carter Lawrence urged Tennessee’s senior population to contact him or their caregivers with any questions they may have about investments or insurance policies.
Protecting Seniors Investors
The TDCI has given senior investors important advice to help lower the risks associated with cryptocurrency investments. It is recommended that seniors be aware of the inherent hazards, which include the potential loss of their whole investment.
Verifying that any individual or organiz

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