Tracking Trends
Senior Initiative
In September 2007, FINRA and State Securities Regulators issued separate notifications to the public advising of the securities industry’s obligations relating to senior investors, highlighting the practices that may best serve senior investors, and advising of fraudulent business practices aimed at senior investors.
- NASAA Headline - 9/22/08
Regulators Release New Report to Assist Financial Services Firms in Serving Older Investors
9/22/2008
- NASAA Headline - 4/1/08
State Securities Regulators Announce New Model Rule on the Use of Senior Certifications and Professional Designations - NASAA Also Voices Strong Support for the ‘Senior Protection Act of 2008’ and Applauds Sen. Herb Kohl’s Leadership in the Fight Against Senior Investment Fraud
4/3/2008
- NASAA Headlines - September 10, 2007
September 10, 2007 - "Free Lunch" Investment Seminar Examinations Uncover Widespread Problems, Perils for Older Investors - WASHINGTON, D.C.-- During a Seniors Summit held today at the Securities and Exchange Commission, securities regulators released a joint report summarizing the results of their examinations of "free lunch" investment seminars.
9/26/2007
- NASAA Headline - September 10, 2007
September 10, 2007 - State Securities Regulators Issue Senior Investor Alert - NASAA says retirees and those nearing retirement remain vulnerable as they manage a lifetime of savings - WASHINGTON, D.C.—The North American Securities Administrators Association (NASAA) today issued a Senior Investor Alert warning that retirees and those nearing retirement can face serious traps as they manage the savings they have accumulated throughout their working years.
9/26/2007
- FINRA Regulatory Notice 07-43
September 10, 2007 - FINRA Reminds Firms of Their Obligations Relating to Senior Investors and Highlights Industry Practices to Serve these Customers - One of FINRA's priorities is the protection of senior investors, as well as Baby Boomers who are at or approaching retirement. FINRA's efforts in this area include investor education, member education and outreach, examinations and enforcement. The purpose of this Notice is to urge firms to review and, where warranted, enhance their policies and procedures for complying with FINRA sales practice rules, as well as other applicable laws, regulations and ethical principles, in light of the special issues that are common to many senior investors. The Notice also highlights, for the consideration of FINRA's member firms, a number of practices that some firms have adopted to better serve these customers.
9/11/2007
