{"id":610,"date":"2017-03-31T16:04:35","date_gmt":"2017-03-31T16:04:35","guid":{"rendered":"http:\/\/localhost\/?p=610"},"modified":"2017-03-31T16:04:35","modified_gmt":"2017-03-31T16:04:35","slug":"new-protections-for-senior-investors","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2017\/03\/31\/new-protections-for-senior-investors\/","title":{"rendered":"New Protections for Senior Investors"},"content":{"rendered":"

On March 30, 2017, FINRA issued Regulatory Notice 17-11 (Financial Exploitation of Seniors)<\/a>, announcing the SEC\u2019s approval of amendments to the FINRA rulebook related to the financial exploitation of senior investors.\u00a0 More specifically, as adopted, the 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.\u00a0 The FINRA notice announces an effective date of February 5, 2018, and clarifies, among other things, that the temporary hold on disbursements should not apply to securities transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"

On March 30, 2017, FINRA issued Regulatory Notice 17-11 (Financial Exploitation of Seniors), announcing the SEC\u2019s approval of amendments to the FINRA rulebook related to the financial exploitation of senior investors.\u00a0 More specifically, as adopted, the amendments to FINRA Rule 4512 would require broker-dealers to make reasonable efforts to obtain the name and contact information … Continue reading New Protections for Senior Investors<\/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,"footnotes":""},"categories":[23,21,22],"tags":[],"class_list":["post-610","post","type-post","status-publish","format-standard","hentry","category-compliance","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