6d. BD/IA LAB – Protecting Senior/Vulnerable Investors (Intermediate - CLOSED)
Senior investors continue to be one of the largest client segments serviced by financial professionals. Over the past several years there has been significant regulatory focus on how financial firms are both implementing senior and vulnerable investor protections and the unique challenges for aging clients, including financial exploitation, diminished capacity, and savings for retirement. Compliance and supervision play important roles in addressing these issues. This session will use case studies to explore wats to detect and respond to “red flags”, (such as clients depleting retirement savings), training programs for employees, and practical tips for when to terminate a client.
This session is closed to both regulators and members of the press.
The following learning objectives will be met using case studies, examples, group discussions, and other hands-on activities:
Learning Objectives:
Learn about the Senior Safe Act, Financial Exploitation Prevention Act of 2023, and other applicable regulations.
Detect warning signs of financial exploitation, diminished capacity, and senior investor abuse.
Share resources and best practices for policies, training, documenting, and remediating issues.
Discuss Trends, Scams and Schemes Impacting vulnerable investors.
