Financial elder abuse does not always involve the outright theft of an older person’s money. It can also arise when trusted financial professionals place elderly clients’ savings and retirement funds into investments that are inconsistent with their objectives and risk tolerance, or fail to fully disclose the risks those investments pose.

By Jeffrey M. Haber On October 20, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that it had submitted proposed rule changes to the Securities Exchange Commission (“SEC”) for approval that are intended to help member firms detect and prevent the abuse and financial exploitation of senior and vulnerable adult customers. If approved, the proposed rules would allow member firms to temporarily halt the disbursement of funds or securities from their custom