SEC Going Like 60 On Baby Boomer Retirement Matters

Securities and Exchange Commission Chairman Christopher Cox says the SEC will embark on a “sustained and increasing focus” on issues that will affect baby-boomer assets. As baby boomers begin turning 60 this year, Cox says, there is new urgency on dealing with all money-related matters, including healthcare costs and retirement benefits. “It’s rare that we have the opportunity to so clearly anticipate a gathering storm as we do in this case,” Cox said, according to The Wall Street Journal. “The good news is that we have a running start on this problem before it truly arrives, but the bad news is it is going to be a real problem.” Already the SEC has worked to address the seniors issue with the first of a series of so-called Senior Summits, focusing on how regulators can protect senior citizens, and the agency has been bringing enforcement actions against unscrupulous schemes that prey on seniors with inappropriate investments.