Investor Advocacy Attorney in Minneapolis, Minnesota

Legislation Helpful to Senior Investors

More In This Category

View Transcript

There have been, um, in 2018 both the state of Minnesota and the US government passed what they called safe seniors act. Essentially what both of those acts have done is they’ve given a safe harbor to stock brokerage firms, to investment advisors. When they see or suspect that an elderly investor is being taken advantage of, exploited by a family member or a fiduciary that brokerage firm, that investment advisor has the right to now go and report that suspected activity to the state of Minnesota, for example, without regard for being then subject to litigation concerning the person that they’re reporting.

Minneapolis, MN investor advocacy attorney F. Chet Taylor talks about recent legislative developments concerning elder investors.

More Videos From This Lawyer