New Mexico Doctors to Screen for Financial Elder Abuse

Doctors in New Mexico will soon be asked to help screen elderly patients for signs of financial elder abuse. The initiative, which is being promoted by the state’s Regulation and Licensing Department’s Securities division, is modeled after a similar program that debuted in Texas…

A spokeswoman…said it’s important to involve doctors because they’re able to diagnose patients who have mild cognitive impairment and therefore might be susceptible to investment scams. Doctors also have the trust of their patients, she said.

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Financial elder abuse detection and prevention training is planned for this summer via continuing medical education programs. But participation is voluntary, and reporting suspected financial elder abuse will not be mandatory.