SENIOR INVESTORS

Resources

FINRA Industry Issues: Senior Investors

FINRA Securities Helpline for Seniors:  In 2015, FINRA launched the toll-free FINRA Securities Helpline for SeniorsTM to provide older investors with a supportive place to get assistance from knowledgeable FINRA staff related to concerns they have with their brokerage accounts and investments.  Senior investors can call FINRA's new toll-free FINRA Securities Helpline for Seniors to get neutral, knowledgeable assistance with:

• Understanding how to review investment portfolios or account statements;
• Concerns about the handling of a brokerage account; and
• Investor tools and resources form FINRA, including BrokerCheck

1-844-57-HELPS (1-844-574-3577)
Monday - Friday
9 a.m. to 5 p.m. EST

Suitability

FINRA Provides Guidance on Firm Responsibilities for Sales of Pension Income Stream Products

Pension income stream products typically involve an up-front lump sum payment to a pensioner in exchange for the rights to the pensioner’s future pension income payments. Regulatory Notice 16-12 discusses the characteristics of and investor protection issues presented by pension income stream products, as well as the legal status of these products. In addition, the Notice addresses the responsibilities of firms in supervising the sale of pension income stream products.

• FINRA Regulatory Notice 16-12 (April 2016):  FINRA Provides Guidance on Firm Responsibilities for Sales of Pension Income Stream Products

 

FINRA Policies on the use of Senior Designations

• FINRA Regulatory Notice 11-52 (November 2011):  FINRA Reminds Firms of Their Obligations Regarding the Supervision of Registered Persons Using Senior Designations