17-11 - finra.org
Regulatory Notice 17-11 . Financial Exploitation of Seniors March 2017. SEC Approves Rules Relating to Financial Exploitation Notice Type of Seniors 00 Rule Amendment and New Rule Effective Date: February 5, 2018. Suggested Routing 00 Compliance Summary 00 Legal The SEC approved : (1) the adoption of new finra Rule 2165 (Financial 00 Operations Exploitation of Specified Adults) to permit members to place temporary 00 Registered Representatives holds on disbursements of funds or securities from the accounts of specified 00 Senior Management customers where there is a reasonable belief of financial exploitation of these customers; and (2) amendments to finra Rule 4512 (Customer Account Information) to require members to make reasonable efforts to obtain the Key Topics name of and contact information for a trusted contact person for a customer's 00 Customer Accounts New Rule 2165 and the amendments to Rule 4512 become effective 00 Financial Exploitation February 5, 2018.
Summary The SEC approved: (1) the adoption of new FINRA Rule 2165 (Financial Exploitation of Specified Adults) to permit members to place temporary
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