State securities regulators are driving home a message to senior citizens: Beware scam artists peddling bogus investments on the Internet.

The warning by the North American Securities Administrators Association is a response to perceived and actual abuses, a spokesman said. It was sent Tuesday to media and regulators in 50 states, and it comes as an estimated 50 million to 70 million people use the Internet, many of whom are elderly.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.