Preventing Financial Exploitation: Steps for Safeguarding Senior Investors
FINRA Unscripted
English - June 27, 2023 10:30 - 33 minutes - 30.6 MB - ★★★★★ - 45 ratingsGovernment Business finra compliance regulation regulator financial services stocks bonds stock broker brokerage firm investing Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In honor of Elder Abuse Awareness Month, we're taking a look at FINRA's important senior investor protection efforts, including a look at FINRA Rules 2165 and 4512, the first uniform National Senior Investor Protection Standards.
On this episode, we hear from Associate General Counsel Alicia Goldin and Vice President and Associate General Counsel Jim Wrona where those rules stand today, explore some of the real-world scenarios in their application and provide tips for some of the tricky conversations that financial professionals might face in connection to their application.
Resources mentioned in this episode:
Rule 2165: Financial Exploitation of Specified Adults
Rule 4512: Customer Account Information
Episode 105: Essential Senior Investor Protection Tools
Reg Notice 22-31: Practices for Obtaining Trusted Contacts
“Investors in the U.S.: The Changing Landscape,” FINRA Foundation (December 2022)
2023 Report on FINRA’s Examination and Risk Monitoring Program
2020 Ontario Securities Commission Protecting Aging Investors Report
Blame and Shame in the Context of Financial Fraud
IACP Successful Trauma-Informed Victim Interviewing
Senior Safe Act Webinar: Identifying and Reporting Suspected Exploitation