To mark the fifth anniversary of the launch of FINRA's Securities Helpline for Seniors, FINRA highlighted recent initiatives aimed at protecting senior investors. According to FINRA, the Securities Helpline for Seniors was established in 2015 to help identify emerging scams against senior investors and provide subsequent recommendations to firms on how "to best serve this segment of the investing public" (see previous coverage).

In the report, FINRA identified a number of other senior investor protection initiatives including:

  • specific rulemakings;
  • risk monitoring and examination programs;
  • disciplinary actions where there has been misconduct to the detriment of senior investors;
  • senior protection efforts coordinated with other regulatory agencies; and
  • ongoing research and educational outreach on senior investors and fraud.

Primary Sources

  1. FINRA Press Release: Protecting Senior Investors 2015-2020
  2. FINRA Report: Protecting Senior Investors 2015-2020

Originally published April 30, 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.