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Department of Corporations Wins Federal Consumer Protection Grant; ''Seniors Against Investment Fraud'' Will Fight Predatory Investment Practices.



Business Editors

SACRAMENTO Calif.--(BUSINESS WIRE)--Oct. 30, 2001

The Davis Administration today announced that the California Department of Corporations has been awarded a three-year, $1.2 million federal grant for the Seniors Against Investment Fraud (SAIF) consumer protection program.

"The SAIF program will reach out to California's senior population at the grassroots level so that seniors can recognize, report and avoid predatory predatory

pertaining to predator.


predatory behavior
the hunting of birds, mice and small reptiles by cats and the hunting and herding behavior of dogs, often facilitated in a pack.
 investment practices," said Secretary Maria Contreras-Sweet of the Business, Transportation and Housing Agency, which oversees the Department of Corporations.

Corporations Commissioner Demetrios A. Boutris said that the State of California is partnering with senior and multi-cultural organizations like AARP AARP, a nonprofit, nonpartisan national organization dedicated to "enriching the experience of aging"; membership is open to people age 50 or older. Founded in 1958 by Ethel Percy Andrus as American Association of Retired Persons, AARP now has over 30 million  and the Retired Senior Volunteers Program to create a statewide senior volunteer network. Seniors Against Investment Fraud volunteers will lead outreach Outreach is an effort by an organization or group to connect its ideas or practices to the efforts of other organizations, groups, specific audiences or the general public.  seminars to teach their peers how to spot and steer steer

castrated male cattle beast over a year of age. See also bullock, buller steer.


steer bulling
see bulling.


steer Medtalk verb
 clear of investment scams targeted at seniors. Volunteers will speak to clubs and at senior centers and other public places within their communities.

The Department of Corporations is a licensing and regulatory agency regulatory agency

Independent government commission charged by the legislature with setting and enforcing standards for specific industries in the private sector. The concept was invented by the U.S.
 reporting to the Business, Transportation and Housing Agency and the Governor. The Department is responsible for the regulation of securities, franchises, off-exchange commodities, investment and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, independent escrows, consumer and commercial finance lending and residential mortgage lending. For further information or to obtain a complaint form, see the Department's Web site at www.corp.ca.gov.
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 30, 2001
Words:223
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