{"id":277,"date":"2016-10-20T15:58:14","date_gmt":"2016-10-20T15:58:14","guid":{"rendered":"http:\/\/localhost\/?p=277"},"modified":"2016-11-08T20:33:52","modified_gmt":"2016-11-08T20:33:52","slug":"focusing-on-senior-investors-finras-latest-rule-proposals","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2016\/10\/20\/focusing-on-senior-investors-finras-latest-rule-proposals\/","title":{"rendered":"Focus on Senior Investors: FINRA’s Latest Rule Proposals"},"content":{"rendered":"

On October 19, 2016, FINRA filed with the SEC a proposed rule change<\/a> that would amend FINRA Rule 4512 (Customer Account Information), and adopt new FINRA Rule 2165 (Financial Exploitation of Specified Adults).\u00a0 The proposed amendments to FINRA Rule 4512 would require broker-dealers to make reasonable efforts to obtain the name and contact information for a \u201ctrusted contact person\u201d for a customer\u2019s account.\u00a0 In addition, new FINRA Rule 2165 would permit (but not require) broker-dealers to place temporary holds on disbursements of funds or securities from the accounts of certain senior investors, as well as other investors with diminished capacity, when there is a reasonable belief of financial exploitation.<\/p>\n

This rule proposal fits squarely within FINRA\u2019s recent focus on protecting senior investors, particularly with FINRA\u2019s recent launch of the \u201cSecurities Helpline for Seniors<\/a>,\u201d and should remain a continued regulatory focus moving forward.<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 19, 2016, FINRA filed with the SEC a proposed rule change that would amend FINRA Rule 4512 (Customer Account Information), and adopt new FINRA Rule 2165 (Financial Exploitation of Specified Adults).\u00a0 The proposed amendments to FINRA Rule 4512 would require broker-dealers to make reasonable efforts to obtain the name and contact information for … Continue reading Focus on Senior Investors: FINRA’s Latest Rule Proposals<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[21,22],"tags":[],"class_list":["post-277","post","type-post","status-publish","format-standard","hentry","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t