03.02.22

FINRA Releases FAQ on Senior Exploitation Rules

by: Melanie Waddell

FINRA has published frequently asked questions (FAQ) guidance on rules it has adopted related to financial exploitation of senior investors, specifically those concerning financial exploitation of specified adults (Rule 2165) and customer account information (Rule 4512). The FAQ details when a broker-dealer may extend a temporary hold under Rule 2165 and who may serve as the trusted contact for an account pursuant to Rule 4512.

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