• Sleuthing Through State Elder Financial Exploitation Laws—A Morass for Broker-Dealers
  • June 7, 2017 | Authors: Bruce M. Bettigole; Sarah Razaq Sallis; Holly H. Smith
  • Law Firm: Eversheds Sutherland (US) LLP - Washington Office
  • This legal alert is the first in a series addressing the ever-changing regulatory landscape relating to senior investors, state law, and a broker-dealer’s legal obligation, if any, to protect its vulnerable customers. We explore some of the deceptively basic questions every broker-dealer faces in attempting to combat financial exploitation of vulnerable persons, and present two state-specific examples - New York and Florida - to illustrate the type of analysis required when planning for a response to these issues.