SIFMA Statement on House Passage of the Senior $afe Act

 

Release Date: July 6, 2016
Contact: Katrina Cavalli, 212.313.1181,
[email protected] 

SIFMA Statement on House Passage of the Senior $afe Act

Washington, D.C., July 6, 2016 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the passage of the Senior $afe Act by the House of Representatives:

“As our nation’s senior population continues to expand, protecting senior investors is a top priority for banks and broker dealers that provide financial advice and manage wealth for millions of Americans.  We applaud the House of Representatives for passage of the Senior $afe Act, which will allow firms to disclose cases of potential senior financial exploitation without the fear of legal ramifications. This type of legislation, paired with collaboration within the industry and beyond, allows us to tackle elder financial abuse head-on to better protect the investments of aging Americans.”