2018 Senior Safe Act – incorporated as part of the Economic Growth, Regulatory Relief, and Consumer Protection Act, the Senior Safe Act provides a safe harbor for banks that report suspected EFE to law enforcement and adult protective services, under certain conditions. Access our overview at this link.
Regulation 4512 – encourages asking senior investors for the name of a trusted contact that broker dealers can contact in the event of possible financial exploitation.
Regulation 2165 – authorizes broker-dealers to place a temporary hold on a disbursement of funds or securities if they believe financial exploitation may be occurring.
2010 Elder Justice Act – establishes the Elder Justice Coordinating Council under the Department of Health and Human Services (HHS) to synchronize activities related to elder abuse, neglect, and exploitation across the federal government.