- The Landscape of Financial Exploitation Rules: Part 2
- December 29, 2017 | Authors: Clifford E. Kirsch; Sue (Seung Hyun) Lee; Ben Marzouk
- Law Firms: Eversheds Sutherland (US) LLP - New York Office; Eversheds Sutherland (US) LLP - Washington Office; Eversheds Sutherland (US) LLP - New York Office
As the baby-boomer generation exits the workforce and transitions into retirement, senior investors will begin accessing their retirement savings. To prevent abuse, financial institutions should carefully review the emerging federal and state framework regulating the financial exploitation of senior investors and adjust accordingly.In their article for Law360, the second in a two-part series, Eversheds Sutherland attorneys Clifford Kirsch, Sue Lee and Ben Marzouk dive deeper into the recently adopted rules addressing financial exploitation, and offer some insight into how these rules may impact certain other requirements applying to financial institutions.