Seniors

The aging of the U.S. population and the current regulatory focus on the protection of seniors have made detecting the warning signs of suspected guardian ...

FINRA promises you a “safe harbor” when you put temporary holds under new rule 2165 on disbursements when you perceive a senior customer being exploited.  ...

FINRA encourages firms to use new powers to hold up disbursements that seem exploitative to senior customers. But “savvy bad guys” are finding a new ...

How safe is the safe harbor FINRA is promising you under new rule 2165 (financial exploitation of specified adults)?  Jim Wrona, FINRA vice president and ...

Under FINRA’s new senior investor protection rules, it’s clear that the new Trusted Contact requirement applies only to non-institutional customer accounts. But what about trust ...

It seems simple enough. Starting Feb. 5, you will have to make reasonable efforts to obtain Trusted Contact information for senior accounts. But FINRA leaves ...

Don’t mess with seniors.   That’s a message FINRA has been sending with renewed vigor of late.  The SRO settled a dozen enforcement actions over allegations ...

Regulators have long looked skeptically at registered reps using professional designations that suggest special expertise in working with senior investors. But if you are careful, ...

The myth has been busted—yet again. Dawn Bennett, the former radio host of Financial Myth Busting with Dawn Bennett, who for years operated a financial ...

The SEC's complaint alleges that instead of investing the customers' money in such things as conventional brokerage accounts and so-called separately managed accounts as promised, ...