https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png 0 0 admin https://longevity.stanford.edu/wp-content/uploads/2017/05/new-logo2-01-300x107.png admin2016-02-02 15:56:242016-02-02 15:56:242/1/2016 - NASAA Adopts Model Rule to Fight Senior Financial Abuse
2/1/2016 – NASAA Adopts Model Rule to Fight Senior Financial Abuse
The North American Securities Administrators Association said Monday that its membership has voted to adopt a model act designed to protect vulnerable adults from financial exploitation, including allowing broker-dealers or advisors to impose an initial delay of disbursements from an account of an eligible adult for up to 15 business days if financial exploitation is suspected.
The model, entitled “An Act to Protect Vulnerable Adults from Financial Exploitation,” provides new tools to help detect and prevent financial exploitation of vulnerable adults.
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