Two financial advisors suggest portfolios that provide income, tax efficiency and inflation protection for a hypothetical senior client
The client lost $1.3 million to risky trading that generated $232,000 in commissions
The bank was fined $400,000 after it overcharged seniors $31 million
SEC, FINRA, NASAA join forces in investor protection push
In decision, MFDA panel stresses need for sanctions that deter exploitation of vulnerable investors
Shortcoming uncovered in state regulators' compliance reviews, NASAA reports
A qualifying senior couple would receive $750 more per year
New rules will enable firms to use temporary holds, seek trusted contacts to help protect vulnerable investors
Financial industry can be the first line of defence against exploitation of vulnerable investors
A CSA survey reveals challenges related to financial abuse