Protecting senior and vulnerable investors

Submitted by mark.mcdermott on May 4, 2018


In February 2017, the U.S. Securities and Exchange Commission approved the proposed amendment to FINRA Rule 4512 (Customer Account Information) issued by the Financial Industry Regulatory Authority (FINRA). These rules are intended to help you and Schwab protect potentially vulnerable clients from exploitation. In addition to the FINRA rules, which apply to broker-dealers such as Schwab, more than 15 states now have laws that create new obligations for investment advisors, investment advisor representatives, and broker-dealers. Many more states are considering similar laws.

Resources
Senior and Vulnerable Investor Program Frequently Asked Questions
Protecting Senior and Vulnerable Investors From Exploitation webcast
Compliance Review – New considerations for serving aging clients
Encourage clients to establish a Trusted Contact

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