Protecting Senior & Vulnerable Clients: 2023 Regulatory Updates and Best Practices for Prevent Financial Exploitation

Although scammers will go after anyone, they often target elderly victims with fixed incomes. Classified as elder fraud, this is a rapidly growing crime. One in five seniors are the victim of financial fraud. The National Council on Aging estimates elder financial abuse and fraud costs to older Americans range from $2.6 billion to $36.5 billion annually.  Given the fact that the 65+ year old population in the U.S. will double to 71.5 million by 2030, senior investor fraud and exploitation is and will continue to be a hot topic.  This program will discuss best practices to protect senior and vulnerable clients from exploitation and fraud the complex web of obligations under federal and state laws and FINRA rules.

 
Learning Objectives:

1. Familiarize yourself with the growing problem of financial exploitation of senior investors

2. Break down the various regulatory and civil actions involving senior investor fraud

3. Identify how to best defend your clients against allegations of senior fraud

4. Discover how securities industry regulators are addressing senior-related concerns

5. Examine the statutory and regulatory framework intended to protect senior investors