Posts tagged FINRA Reg. Notice 15-37.
FINRA Reg. Notice 15-37 (Oct. 2015) requests prompt comment (by November 30) on proposed Rules aimed at detecting and minimizing financial exploitation of seniors and other "vulnerable" adults. The proposals would amend Rule 4512(F) to require Firms' reasonable efforts to obtain name and contact information for a "Trusted Contact" person for newly-opened (or updated) individual accounts. A "Trusted Contact" must be over 18 and not authorized to transact business on the account. With notice to the account holder, Firms would be authorized to notify a "Trusted Contact" ...
Posted in: FINRA
Tags: burr forman, Financial Industry Regulatory Authority, finra, FINRA Reg. Notice 15-37, Rule 4512(F), securities litigation, Securities Litigation & Arbitrarion blog, Securities Litigation & Arbitration