{"id":2482,"date":"2017-06-06T00:00:00","date_gmt":"2017-06-06T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/finra-adopts-elder-fraud-rule-2165\/"},"modified":"2018-10-08T12:37:07","modified_gmt":"2018-10-08T16:37:07","slug":"finra-adopts-elder-fraud-rule-2165","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-adopts-elder-fraud-rule-2165\/","title":{"rendered":"FINRA and SEC Adopt New Rule to Help Curb Elder Financial Fraud"},"content":{"rendered":"<\/p>\n

\"Cross-selling:<\/a>FINRA and the SEC adopted and approved a new rule that is intended to help curb elder financial fraud.<\/p>\n

In March 2017, FINRA adopted FINRA Rule 2165. Financial Exploitation of Specified Adults<\/a>.\u00a0 Shortly thereafter, the SEC approved<\/a> the rule with an effective date of February 2018 set in place.<\/p>\n

FINRA Rule 2165 allows a FINRA member firm that reasonably believes financial exploitation may be occurring or has occurred to place a temporary hold of up to fifteen (15) business days on the disbursement of funds or securities from the account of a \u201cSpecified Adult\u201d customer.\u00a0 A Specified Adult is either (a) a person aged 65 or older; or (b) a person, aged 18 or older, who the firm reasonably believes has a mental or physical impairment that renders the individual unable to protect his or her own interest.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

FINRA and the SEC adopted and approved a new rule that is intended to help curb elder financial fraud. In March 2017, FINRA adopted FINRA Rule 2165. Financial Exploitation of Specified Adults.\u00a0 Shortly thereafter, the SEC approved the rule with an effective date of February 2018 set in place. FINRA Rule 2165 allows a FINRA […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582],"tags":[44],"class_list":["post-2482","post","type-post","status-publish","format-standard","hentry","category-elder-fraud","tag-finra-rule-2165"],"yoast_head":"\nFINRA and SEC Adopt New Rule to Help Curb Elder Financial Fraud — Securities Arbitration Lawyers Blog — June 6, 2017<\/title>\n<meta name=\"description\" content=\"If you or a loved one has lost money due to elder financial fraud, contact our firm to learn how you can try to recover your losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/finra-adopts-elder-fraud-rule-2165\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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