Two New FINRA Rules to Curb Exploitation of the Elderly

The growing demographic of senior investors, along with two new FINRA rules designed to curb exploitation of the elderly, highlight the importance of financial firms having sound business practices and policies when dealing with senior or vulnerable investors in Florida and throughout our nation.

Frank Cuccio and Joelle Simms toured a client’s eight Florida branch offices to speak with its financial advisors, client associates and branch management about FINRA’s rule changes, red flags and best practices on these issues. They also discussed Florida’s current and proposed legislation as well as components of the Model Rule proposed by the North American State Securities Administers.