Menu

Jack Clabby Authors Article in ABA Securities Litigation Journal on New FINRA Rules for Senior Investors

Securities and Derivative Litigation   |   July 10, 2018
Carlton Fields securities and derivatives litigation Shareholder John “Jack” Clabby co-authored the American Bar Association Securities Litigation Journal article, “Two New FINRA Rules for the Protection of Senior Investors,” reviewing recently enacted rule changes designed to protect senior and other vulnerable investors from financial exploitation.

One of the rules allows members to place a temporary hold on the disbursement of funds or securities from the account of a specified adult if the member reasonably believes that financial exploitation of the specified adult has occurred, is occurring, has been attempted, or will be attempted.

The other rule requires members to identify a trusted contact person over the age of 18 who may be contacted about the customer’s account.
 
Clabby urges members to proactively reexamine their infrastructure, policies, procedures, and training to secure support for the rules and their intended beneficiaries.

Read the article.

Subscribe to Publications

Media Inquiries

Kate Barth

Kate Barth

Senior Public Relations Manager

813.229.4154

Disclaimer

The information on this website is presented as a service for our clients and Internet users and is not intended to be legal advice, nor should you consider it as such. Although we welcome your inquiries, please keep in mind that merely contacting us will not establish an attorney-client relationship between us. Consequently, you should not convey any confidential information to us until a formal attorney-client relationship has been established. Please remember that electronic correspondence on the internet is not secure and that you should not include sensitive or confidential information in messages. With that in mind, we look forward to hearing from you.