NAIFA Statement: Senior Safe Act Passes Senate

NAIFA President Keith Gillies issued the following statement on the passage of S.2155:
 
The Senior Safe Act provides much needed protection for older investors and will allow advisors to better protect their clients’ interests. NAIFA commends the U.S. Senate for passing Senior Safe legislative language as part of the bipartisan Economic Growth, Regulatory Relief, and Consumer Protection Act. Advisors are often the first line of defense for scammers looking to take advantage of investors. Studies have found that older Americans are often a prime target. NAIFA worked hard with lawmakers to craft legislation that encourages advisors to protect their senior clients and give them mechanisms for doing so while shielding advisors who act in good faith and with reasonable care from liability.
 
  • Posted March 15, 2018 IN


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