In recent years there has been a spate of legislation and rules passed to protect senior investors. Similarly, observers of FINRA’s and the SEC’s annual priorities will, of course, have noticed both bodies’ inclusion of elder protection. The trend appears unmistakable: firms and registered individuals should continue to expect regulatory bodies and lawmakers to beef up senior protection.

In this paper we provide an overview into the recent phenomena of federal and state legislation, as well as FINRA Rules designed to protect senior investors. We specifically cover: (a) the Senior Safe Act; (b) FINRA Rules 4512, 2165 (including an analogous SEC No-Action Letter), 3241; and (c) Good Samaritan/Report and Hold Statutes.