Senior$afe Program Recruits Professionals to Help Fight Financial Abuse of Colorado Elders

The Colorado Department of Regulatory Agencies (DORA) is offering a new training program that aims to educate investment advisers, broker-dealers, and financial institutions in Colorado on how to recognize the warning signs of financial exploitation of the senior population. 
 
Vulnerability to financial exploitation increases with age and Colorado’s senior population is growing: approximately 10,000 people a day in the United States. Many financial representatives have closer relationships with their clients and customers, and time is of the essence when fighting financial exploitation of seniors.
 
Enter Senior$afe. Senior$afe is a three-part program designed to educate financial representatives that are best positioned to identify red flags of abuse or exploitation early on and encourage reporting to state and federal agencies, including the Division of Securities at DORA and Adult Protective Services.
    
The training, which will be conducted statewide for financial firms and institutions, is a combined effort of DORA’s Securities, Banking, and Financial Services divisions. It involves recognizing and reporting the red flags of potential elder financial exploitation, such as sudden large withdrawals or uncharacteristic attempts to wire large sums of money.
 
Senior$afe also emphasizes a “no wrong door approach,” so that no matter which agency the report goes to (a DORA financial division, Adult Protective Services, or a law enforcement agency), there is a commitment to make sure the report gets into the hands of the correct agency or community resource.
 
Senior$afe was originally created by the Maine Office of Securities, for use by banks and credit unions, in order to increase identification and reporting of suspected cases of elder financial exploitation. The North American Securities Administrators Association (NASAA), of which the Division of Securities is a member, has collaborated with the Maine Council for Elder Abuse Prevention to introduce the Senior$afe program for use with other members of the financial services industry.
 
For more information regarding the Senior$afe initiative or to request a presentation at your firm or institution, contact DORA by calling Jillian Sarmo at (303) 894-2878 or via email at [email protected]


You can also learn more about DORA with this recent podcast from Connect & Collaborate on May 31, 2016.  We talk with Rebecca Laurie from DORA, who introduces us to Patty Salazar, Financial Services Commissioner. We discuss her role and the role of the Division of Financial Services to protect consumers through regulation and supervision of state-chartered Credit Unions and Savings and Loan Associations as well as some of the financial activities of life care institutions.

We also discuss World Elder Abuse Awareness day on June 15 and share strategies for protecting elderly friends and family from financial predators. 

Listen to the podcast to learn more about services available and how the Division of Financial Services can assist you. 

Deadline Extended for Imagine Colorado Innovation Challenge

A message from the Imagine Colorado Team:

 We have extended the challenge out by two weeks with a new submission deadline of April 15.

We are pleased to let you know that our website is available in both English and Spanish. We also have a new video that is available here. With one month left in the challenge, we hope that you are able to share this updated information with your network. 

For more information, please visit www.imagineco.us.

 

"Imagine Colorado" asks Coloradans to submit their best ideas to make kids healthier in exchange for $25,000 in prizes
 

DENVER - Gov. John Hickenlooper, the Colorado Innovation Network (COIN) and LiveWell Colorado launched on February 1, 2016 Imagine Colorado, the nation's first-ever statewide open innovation challenge. Imagine Colorado is seeking bold ideas from Colorado residents in response to the challenge question: How would you connect Colorado's youth to a healthier lifestyle?

Used throughout the world by business, government and higher education institutions, innovation challenges shine a spotlight on a problem or opportunity and ask communities to provide ideas that can help build a better tomorrow. Imagine Colorado's aim is to engage all residents to come up with big ideas on how to ensure our kids have access to a healthy lifestyle. In exchange, $25,000 in prizes will be awarded to winning individuals and teams.

"We believe in the power of the collective wisdom of Coloradans to address tough challenges in our communities," said Hickenlooper. "We want to harness this energy and ingenuity through the Imagine Colorado platform. We know that solving tough problems requires collaboration, and we look forward to the innovative ideas that will be submitted that will help make our state the healthiest in the nation."

Challenge partner LiveWell Colorado is a statewide organization focused on increasing access to physical activity and affordable, healthy food for all Coloradans to prevent obesity and other chronic health conditions.

"Imagine Colorado is an exciting opportunity to tap into the state's entrepreneurial and technology sectors and the creativity of our residents toward making Colorado a healthier place for everyone," said LiveWell Colorado CEO Shepard Nevel. "We know that a person's health status is primarily determined by his or her social circumstances, environmental conditions and behavioral choices, so we can meaningfully increase the health of our state's youngest residents by improving opportunities to eat well and be more physically active."

From Feb. 1-April 15, 2016 [extension from original deadline of March 31 announced March 21], Coloradans, ages 7 and up, can submit their best ideas at www.imagineco.us. Ideas should focus on one of two categories:

Physical Activity: ideas that get our kids moving and that engage our outdoor spaces differently
Nutrition: ideas that provide our kids access to healthy foods and the education to make good choices


Finalists will be judged through an online community voting process as well as through a panel of experts. The top ten finalists will be invited to participate in a live event in April where they will pitch their idea to a panel of celebrity judges, and live audience polling will determine the grand prize winners. In addition to the prize money, Unreasonable Institute will provide each of the five adult finalists the opportunity to interview for the 2016 Unreasonable Institute accelerator program focused on early childhood. Winning ideas will be distributed to statewide partners and the Colorado community so that appropriate champions can stimulate further action.

Preparation for Imagine Colorado's public launch began several months ago at the 2015 COIN Summit, where key subject matter experts were invited to participate in two "think tank" sessions regarding a challenge question for Coloradans. The sessions were facilitated by Jenn Gustetic, Assistant Director for Open Innovation for The White House Office of Science and Technology Policy and head of Challenge.gov. This challenge question was selected because while Colorado touted the "healthiest state," the reality is that one in four Colorado kids is overweight or obese, one in three lives in neighborhoods without a safe place to play and 90% don't get enough fruits and veggies each day. Additionally, Colorado is one of only four states where physical education is not a required part of the state's public school curriculum at any grade level. Better health is not just good for individuals and families; it has positive outcomes for our workforce, reducing costs of government and improving the quality of life in our communities.

"As a state, we need to ensure our innovation pipeline is overflowing with good ideas," said Sean Kuusinen, Program Manager of Unreasonable Institute. "We support entrepreneurs with the potential to address major problems at scale, and through Imagine Colorado we can engage all Coloradans in this process." 

Imagine Colorado is produced in partnership with The Colorado Health Foundation, Gary Community Investments, Unreasonable Institute, SkipsoLabs, Entravision and Comcast, and it is also supported by more than 30 engagement partners from throughout the state. For more information, please visit www.imagineco.us.

ABOUT The Colorado Innovation Network (COIN)
COIN is a public-private partnership launched by Gov. John Hickenlooper in 2011 and is the leading global platform for innovative networks. COIN provides access to convene, connect and foster circles of exchange around ideas, talent, capital and the entrepreneurial spirit to strengthen economic development and diversity with the mission to make Colorado the most innovative state in the nation. COIN has a robust and highly engaged statewide network of innovation leaders in education, industry, startups, government and research. Learn more at www.coloradoinnovationnetwork.com.

ABOUT LiveWell Colorado
LiveWell Colorado is a statewide organization committed to reducing obesity and other chronic health conditions by promoting healthy eating and active living. LiveWell reaches more than one million Coloradans through partnerships with communities, the private sector, local governments and school districts. In addition to educating and inspiring people to make healthy choices, LiveWell Colorado focuses on policy, environmental and lifestyle changes that remove barriers and increase access to healthy behaviors. LiveWell Colorado aims to provide every Coloradan with access to healthy foods and opportunities for physical activity in their communities and where they work. Learn more at www.livewellcolorado.org.

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