Finra elder-abuse rule could trigger delicate conversations between brokers, clients
January 26, 2018 by Mark Schoeff Jr.
A new Finra regulation designed to prevent financial exploitation of seniors will spur what could be delicate conversations between brokers and older clients.
The rule, which goes into effect on Feb. 5, requires that brokers make a reasonable effort to identify a trusted person who can be contacted if the broker is concerned that the client is suffering from diminished mental capacity or is the target of a scam.
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Originally Posted at InvestmentNews on January 26, 2018 by Mark Schoeff Jr..
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