June 14, 2018: Principal Richard Szuch will be a speaker at a Thomson Reuters Practical Law webinar on June 14, 2018. The title of the webinar is “Senior and Vulnerable Investors: What You Need to Know About the Law and Diminished Capacity.”
The webinar is designed for counsel and compliance officers on rules and regulatory guidance in an environment that expects firms to detect and prevent and requires firms to report suspected or actual financial exploitation or abuse of specified clients, including seniors or vulnerable adults and individuals with diminished capacity. The webinar will assist practitioners who are preparing policies, procedures, and training materials to assist firms and associated persons in complying with the new rules.
For more information, including registration for the webinar, click here.
April 19, 2018: Principals Matthew Plant and Angela Turiano presented the Lawline webinar, “Safeguarding Against Financial Exploitation of Senior Investors: What Attorneys Need To Know”. They discussed cases involving exploitation of seniors as well as the statutory and regulatory framework aimed at protecting senior investors. Click here to read more about the webinar.
March 19, 2018: Alex J. Sabo, a Principal in the firm's Miami office, recently spoke on "Dementia Issues for Advisers and Clients” at the 50th annual SIFMA Compliance & Legal Society Seminar. Mr. Sabo, current president of the Florida Securities Dealers Association and a nationally recognized expert on senior issues, joined a panel comprised of representatives from the North American Securities Administrators Association (NASAA), the Securities Industry and Financial Markets Association (SIFMA) and the Financial Industry Regulatory Authority (FINRA). Ronald Long, Director of Regulatory Affairs and Elder Client Initiatives at Wells Fargo Advisors, served as moderator of the panel.
The panel addressed such diverse topics as detecting cognitive decline, FINRA Rules 2165 and 4512, employment law issues relating to Financial Advisers, and recent federal and state law developments. The presentation ended with lively audience participation addressing a factual scenario called “Home Security,” which focused upon an elderly client’s withdrawals from her brokerage account supposedly to acquire a home security system.
February 2018: The growing demographic of senior investors, along with two new FINRA rules designed to curb exploitation of the elderly, highlight the importance of financial firms having sound business practices and policies when dealing with senior or vulnerable investors in Florida and throughout our nation.
Frank Cuccio and Joelle Simms toured a client’s eight Florida branch offices to speak with its financial advisors, client associates and branch management about FINRA’s rule changes, red flags and best practices on these issues. They also discussed Florida’s current and proposed legislation as well as components of the Model Rule proposed by the North American State Securities Administers.
November 7, 2017: Bressler partnered with the New Jersey State Bar Association Securities Law Special Committee to host a meeting where New Jersey regulators spoke about enforcement priorities. An industry discussion about dealing with an aging investor base also took place. Principals Richard Szuch and Frank Cuccio served as moderators of the panel consisting of three other speakers. Click here for more information about the event.