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A state advisory committee has recommended Montana direct $645,000 of federal COVID-19 recovery funds to increase efforts to fight exploitation of senior citizens by adding three elder councils to the state and hiring more staff to focus on crimes that hurt the elderly community.
Mark Mattioli, chief of the Office of Consumer Protection and Victim Services within the Montana Department of Justice, told the Montana Health Advisory Commission at its June 24 meeting that his agency has seen the need for such help for years and âfrankly we are relieved you are reviewing it.â
âSenior exploitation can happen in several forms, but in whatever manner it occurs, it is devastating,â Mattioli said. He said such crimes against older people significantly decrease the quality of life of those who are victimized.
James Langton
The North American Securities Administrators Association (NASAA) has developed model legislation that aims to help local governments create restitution funds for victims of securities violations.
Members of the umbrella group of U.S. state and Canadian provincial regulators voted to approve a model act that jurisdictions can use to establish mechanisms to provide financial assistance to victims of securities law violations who are awarded restitution but can’t fully collect those awards.
The model legislation, which follows efforts in several states (including Indiana, Montana, Vermont, Kansas and Maine) establishes a securities restitution assistance fund, defines eligibility requirements, and sets other features such as payment caps and conditions for prohibiting awards in certain circumstances.