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AARP, Connecticut Department of Banking and
 U.S. Securities and Exchange Commission
 Host Safe Investing Seminar for Seniors

May 8, 2007

To help protect seniors from investment fraud, AARP Connecticut, the Connecticut Department of Banking Securities Division and the U.S. Securities and Exchange Commission are sponsoring a free Safe Investing Seminar May 14.

This free half-day seminar, from 9 to 11:30 a.m. at the Aqua Turf in Plantsville, will feature experts from the three agencies who will explain different investment opportunities and will give tips on avoiding fraud and detecting scam artists.

George Gombossy, who writes the Watchdog column for the Hartford Courant, is the moderator.

Governor M. Jodi Rell expressed her support for this event.  “I am pleased that AARP, the Banking Department, and the U.S. Securities and Exchange Commission have joined forces to educate seniors about investments and potential scams,” said Governor Rell.  “Seniors have worked hard for their money and it is important to help them protect their savings and make wise investment decisions.”

“All of us, young and old, should be aware of the risks involved when it comes to investing our hard-earned money.  We should all be leery of promises that seem too good to be true,” said Banking Commissioner Howard F. Pitkin.  “It is important to fully understand the investment and the risks involved.  Also, make sure the seller is properly licensed and has given you written information that fully explains the investment.”

“AARP research shows that boomer and older investors are likely targets for so many fraudulent marketing practices,” said Brenda Kelley, AARP Connecticut state director. “This issue is very important to our members,” Kelley said.

The public – particularly seniors and senior advocates – is encouraged to attend.  Registration begins at 8 a.m. with a complimentary continental breakfast, and the presentation runs from 9 to 11:30 a.m.

Please register in advance by calling a toll-free number, 1-877-926-8300.

This event is paid for by the Campaign for Wise and Safe Investing.