How Financial Firms Help to Prevent Financial Exploitation

Crackdown aimed at protecting nest eggs of clients age 65 and older.

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Regulators are adding new tools to help investment firms protect older clients against fraud. Starting in February 2018, the Financial Industry Regulatory Authority will require brokerages to ask clients for the name and contact information of a trusted individual who can be reached if the client appears to be a victim of financial exploitation.

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Eileen Ambrose
Senior Editor, Kiplinger's Personal Finance
Ambrose joined Kiplinger in June 2017 from AARP, where she was a writer and senior money editor for more than three years. Before that, she was a personal finance columnist and reporter at The Baltimore Sun, and a reporter and assistant business editor at The Indianapolis Star. Ambrose has a master's degree in journalism from the Medill School of Journalism at Northwestern University, and a bachelor's degree in art history from Indiana University.