National Society of Compliance Professionals – National Conference

October 19, 2020 at 10:00am
Joshua Horn
National Society of Compliance Professionals

Protecting Vulnerable Adults

One of the primary missions of the Securities and Exchange Commission (SEC), State Regulators and the Financial Industry Regulatory Authority (FINRA) is the protection of investors, of which senior investors are a rapidly growing client base. This NSCP National Conference session addresses problem areas for vulnerable adults and offers strategies for developing proactive safeguards in firms from a regulatory and industry standpoint.

  • Discuss best practices for training of firm representatives with regard to senior specific issues and how firms address issues relating to aging (e.g., diminished capacity and elder financial abuse or exploitation)
  • Address appropriate marketing and communications to senior investors including a review of the types of customer account information required to open accounts for senior investors
  • Examine examples of suitability of securities sold to senior investors as well as recommended disclosures
  • Review best practices for tracking complaints, reporting requirements, and supervision of registered representatives as they interact with senior investors