By Lene Powell, J.D.
On June 15, the SEC, North American Securities Administrators Association (NASAA) and FINRA will cohost a webinar on the financial exploitation of senior citizens and other vulnerable adults. The event builds on SEC, NASAA and FINRA’s joint training released in 2021.
The Senior Safe Act Webinar: Identifying and Reporting Suspected Exploitation will include a Q&A portion and is open to the public.
Senior Safe Act. The Senior Safe Act was signed into law on May 24, 2018. The act protects covered financial institutions from civil liability for reporting potential exploitation of a senior citizen to a covered agency.
NASAA, the SEC, and FINRA released a training program in June 2021, “Addressing and Reporting Financial Exploitation of Senior and Vulnerable Adult Investors,” to assist securities firms in implementing the act’s training requirements.
June 15 webinar. The webinar will be held on World Elder Abuse Awareness Day. It serves as a resource for firms implementing the requirements of the Senior Safe Act and Connecticut state training requirements, and satisfies state training requirements in Florida, Nevada, New Mexico, Puerto Rico, and Washington.
Registration details are available on the FINRA website.