The Tennessee Division of Commerce & Insurance coverage (TDCI) Division of Securities is elevating consciousness in regards to the potential dangers of investing in unregulated merchandise like cryptocurrency, notably amongst seniors. TDCI Commissioner Carter Lawrence emphasised the significance of defending the monetary independence of Tennessee’s elder inhabitants and inspired seniors, their family members, or caregivers to contact the division for help with investments or insurance coverage insurance policies.
To safeguard senior traders, TDCI affords a number of key items of recommendation. They advocate totally understanding the dangers related to cryptocurrency, together with the potential for whole loss. Traders ought to confirm that the person or entity providing the funding is registered with securities regulators. Seniors are suggested to keep away from sharing private or account info with digital avatars and to be cautious of unsolicited on-line funding recommendation and misinformation. If there are any questions or suspicions of fraud, seniors are urged to contact TDCI’s Securities Division for extra info and assist.
