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Compliance Considerations for Elder Investors and Financial Exploitation

June 20, 2019
1:00 PM - 3:00 PM EDT
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Course Description:

Many investment advisers and broker-dealers are having to address the special challenges of an aging client base. FINRA, the SEC and NASAA have expressed an increased interest in senior investors and, in FINRA’s case, have enacted rules for brokers to address in their policies and procedures. Congress has passed the Senior Safe Act, which provides a safe harbor for reporting suspected elder abuse if certain conditions are met. NASAA issued the Model Act to Protect Vulnerable Adults from Financial Exploitation which later this year contributed to the federal passing of “The Senior Safe Act.” This session will assess the scope of applicable regulations, best practices to use with senior clients, and the possibility that your best intentions may conflict with personal and medical privacy laws.

After attending this course, attendees should be able to:

  • Identify and analyze regulatory initiatives undertaken by the SEC, state regulators and FINRA
  • Recognize how to identify customers with diminished capacity and the warning signs of elder abuse
  • Incorporate appropriate policies and procedures to protect seniors into your compliance program

For Whom: Designed to increase the professional competence of broker-dealer compliance professionals with legal, compliance, operations, technology, administrative and management responsibilities

Suggested Skill Level: Basic

Instructional Method: Group Internet-Based

Pre-requisites for participation: No prerequisites are required.

Advance Preparation: None

NRS Continuing Education Guide
Maximum Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Maximum Recommended IACCP® CE Credit: 2
Maximum Recommended CA MCLE Credit: 2