Washington, D.C., October 11, 2017 – SIFMA today issued the following statement on the Senior $afe Act from SIFMA president and CEO Kenneth E. Bentsen, Jr.:

“SIFMA supports 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.  We are pleased that the House Financial Services Committee is taking action to strengthen the laws and bolster efforts to protect and secure the finances of vulnerable older Americans.”

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.