Firms will have the power to place a temporary hold on client funds or securities that are to be disbursed if there’s a “reasonable belief of financial exploitation”
State regulators lobby for establishing a fiduciary duty standard
Although some older clients may be early adopters of new technology, many seniors struggle to grasp the new devices and modes of communication. Here are some ways to help them get comfortable - and stay safe -in a digital world
Financial regulators in the U.K. report that almost a third of seniors aged 75 and over believe they’ve been the targets of investment scams
New poll finds that the vast majority of seniors would not give up doing, achieving or acquiring something in order for their children to receive a larger inheritance
A newly created advice unit will work with the industry to provide regulatory feedback on automated advice models
Publication aims to help protect senior clients from the adverse consequences of financial exploitation and diminished capacity
The product most commonly associated with potentially unsuitable recommendations is variable annuities
The anti-exploitation program will now include training for employees of banks and credit unions
SEAC advises OSC staff on policy and operational issues concerning older investors