Elder Financial Abuse: Why Banks and Advisers Are Stepping Up

If you’re worried about your parents becoming victims of elder financial abuse, you’ll be cheered to hear that financial advisers, brokers and banks are taking serious steps to detect and halt the fraud. That’s due to new rules from the brokerage industry self-regulator FINRA and a 2018 law called the Senior Safe Act. “Banks and…

The post Elder Financial Abuse: Why Banks and Advisers Are Stepping Up appeared first on Next Avenue .

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