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Posted by Executor of my Mother's Estate on November 17, 2003 at 17:00:46:

In Reply to: Re: primerica posted by GP on March 24, 2003 at 19:54:42:

My 94 year-old mother was convinced to cancel a totally risk-free GIC and convert it to over $70k worth of HIGH RISK investments. These "investments" were redeemed after her death for approx $21K.
I plan to approach Primerica and the Securities Exchange Commission regarding the ethics of selling "High Tech/High Risk Growth stocks to a senior. Surely any ethical salesperson would advise a woman of 90+ to avoid risk and stick to capital preservation.
Any ideas on how to proceed to ensure this never happens to another old lady?


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