{"id":8811,"date":"2020-01-30T10:57:05","date_gmt":"2020-01-30T15:57:05","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8811"},"modified":"2020-01-30T10:57:05","modified_gmt":"2020-01-30T15:57:05","slug":"silver-law-group-comments-on-proposed-finra-rule-limiting-brokers-becoming-customers-beneficiary","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-comments-on-proposed-finra-rule-limiting-brokers-becoming-customers-beneficiary\/","title":{"rendered":"Silver Law Group Comments On Proposed FINRA Rule Limiting Brokers Becoming Customer\u2019s Beneficiary"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8813 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/Elderly-300x200.jpg\" alt=\"FINRA requested comments on its proposed rule to limit registered representatives from being \u201cnamed as a customer\u2019s beneficiary or holding a position of trust for or on behalf of a customer.\u201d Silver Law Group, a nationally-recognized investor rights law firm, has submitted a comment letter to FINRA that states our support for addressing this issue. Submitted by managing partner, Scott Silver, Esq., he comments that our firm has seen a rise in cases involving stockbrokers who improperly borrow money from clients, pressure clients to make the financial advisor part of the estate, and other trust and estate issues.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/Elderly.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/Elderly-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>FINRA requested comments on its <a href=\"https:\/\/www.finra.org\/rules-guidance\/notices\/19-36?utm_source=MM&amp;utm_medium=email&amp;utm_campaign=O%5FWeekly%5FUpdate%5F111319%5FFINAL#notice\" target=\"_blank\">proposed rule<\/a> to limit registered representatives from being <em>\u201cnamed as a customer\u2019s beneficiary or holding a position of trust for or on behalf of a customer.\u201d<\/em> Silver Law Group, a nationally-recognized investor rights law firm, has submitted a <a href=\"https:\/\/www.finra.org\/sites\/default\/files\/2020-01\/19-36_Silver-Law_Comment.pdf\" target=\"_blank\">comment letter<\/a> to FINRA that states our support for addressing this issue. Submitted by managing partner, Scott Silver, Esq., he comments that our firm has seen a rise in cases involving stockbrokers who improperly borrow money from clients, pressure clients to make the financial advisor part of the estate, and other trust and estate issues. <a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-comments-on-proposed-finra-rule-limiting-brokers-becoming-customers-beneficiary\/#more-8811\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FINRA requested comments on its proposed rule to limit registered representatives from being \u201cnamed as a customer\u2019s beneficiary or holding a position of trust for or on behalf of a customer.\u201d Silver Law Group, a nationally-recognized investor rights law firm, has submitted a comment letter to FINRA that states our support for addressing this issue. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[582,580],"tags":[],"class_list":["post-8811","post","type-post","status-publish","format-standard","hentry","category-elder-fraud","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group Comments On Proposed FINRA Rule<\/title>\n<meta name=\"description\" content=\"Silver Law Group comments on proposed FINRA rule limiting registered representatives being named a customer\u2019s beneficiary.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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