10/13/2015 – U.S. regulator to propose investment rules to protect elderly (Reuters)

Oct 13, 2015 Comments Off by

A U.S. securities regulator, aiming to protect elderly clients from scams and their own diminished mental capacity, will propose rules requiring brokers to identify – when an account is opened – a “trusted” person who can make financial decisions if the client’s judgment becomes impaired.

The rules also will allow firms to freeze money transfers from accounts if they suspect fraud or odd activity.

Read the full article in Reuters.

Financial Landing 2015

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