Elad L. Roisman is a Commissioner at the U.S. Securities and Exchange Commission. The following post is based on Commissioner Roisman’s remarks at the Elder Justice Coordinating Council Fall 2019 Meeting, available here. The views expressed in the post are those of Mr. Roisman and do not necessarily reflect those of the Securities and Exchange Commission, the other Commissioners, or the Staff.
Good morning. I am truly happy to join you today at the fall 2019 meeting of the Elder Justice Coordinating Council (“EJCC”). I want to thank U.S. Department of Health and Human Services Secretary [Alex] Azar, Assistant Secretary [Lance] Robertson, EJCC Coordinator [Toni] Bacon, and the Administration for Community Living for, once again, bringing the EJCC together to discuss our shared goal of protecting elder Americans. Thank you also to the EJCC members, participants, and presenters here today for their critical roles in furthering this effort. Before I say more, let me note that the views I express today are my own and do not necessarily reflect the views of the Commission, my fellow Commissioners, or the agency’s staff.
Investor protection is central tenet to the SEC’s mission, and is an objective that factors into every decision I make as a Commissioner. With respect to America’s older investors, the need for protection is indeed a priority for me. I see too far many enforcement matters involving elder adults, who have been either victims or targets of fraud. But, these stories are not confined to my work in government. Close friends and family have been targeted. This issue is personal—and not just for me. I have spoken to many people about this topic, and have yet to meet someone who does not have a family member or person in their lives who was a victim or target of elder fraud. We all know that these crimes may take place instantaneously, but can have financial, emotional, psychological effects that devastate victims for far longer.