While I would applaud this effort to have the SEC investigate fraud against Senior Citizens, the major part of the problem of Elderly fraud stems form the Filthy third world nations like Pakistan, India and countries in the Pacific rim. The government already knows this but can do little if anything, to stop it. Many of these fraud operations are actually operated by the governments in the respective places I mention. Trying to get the governments overseas to crack down on these operations is immediately met with demands from what our President calls "shit holes" for money to fund "operations" to initiate a crack down. The criminal filth in these nations use US PHONE EXCHANGES and HIJACKED American phone numbers to carry out these fraud operations. Often posing as Internal Revenue Service or local municipalities to threaten the elderly to send money or get arrested or lose their property if they don't send money. Then they ask for debit or credit card numbers and bleed the bank accounts dry. The phone companies could make some effort to stop the filthy Pakistani and India CRIMINAL PIGS from getting access to U.S. based phone exchanges. Certainly, they have both the technology and the money to do so. But like everything else, unless the GOVERNMENT orders them to do it, BY LAW, they won't bother. In the meantime, anything our government can do to stop fraud against the elderly being perpetrated from inside the United States should be done. So many have lost their retirement savings and at this stage of their lives, it's devastating.