SIFMA sent a letter ‎to Senators Susan Collins (R-ME) and Claire McCaskill (D-MO) in support of their Senior $afe Act of 2015, which would better protect firms and advisors who are looking out for the best interest of their elder clients by preventing financial exploitation. SIFMA supports how this legislation encourages individuals and financial institutions to communicate with their appropriate agencies when they suspect financial exploitation of their clients, as well as encouraging firms to offer employee training.

See also:
S.2216 – Senior$afe Act of 2015