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Articles Posted in Fiduciary Litigation

New FINRA Rule to Help Prevent Elder Financial Abuse
Samuels Yoelin Kantor LLP

On February 5, 2018, a new FINRA rule geared towards preventing financial exploitation of seniors  – also called elder financial abuse – goes into effect. This is new Rule 2165, which creates a limited safe harbor for brokers to put a temporary hold on certain disbursement requests from a brokerage account. The rule “permits members…

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