FSI Applauds House’s Passage of Senior Safe Act

May 22, 2018

Today, Financial Services Institute (FSI) President & CEO Dale Brown released the following statement regarding the U.S. House of Representatives’ passage of the Senior Safe Act as part of S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act:

“We applaud the House for taking a significant step forward in the prevention of elder financial abuse by passing the Senior Safe Act today. Financial advisors and financial services firms are often the first to detect possible financial abuse, so it is critical that they have proper training to identify potential abuse as well as the ability to report it without fear of violating privacy laws. We strongly urge President Trump to sign this important legislation into law in a timely manner to help further protect our nation’s seniors from financial abuse.”

About the Financial Services Institute (FSI): The Financial Services Institute (FSI) is the only organization advocating solely on behalf of independent financial advisors and independent financial services firms. Since 2004, through advocacy, education and public awareness, FSI has successfully promoted a more responsible regulatory environment for more than 100 independent financial services firm members and their 160,000+ affiliated financial advisors – which comprise over 60% of all producing registered representatives. We effect change through involvement in FINRA governance as well as constructive engagement in the regulatory and legislative processes, working to create a healthier regulatory environment for our members so they can provide affordable, objective advice to hard-working Main Street Americans. For more information, please visit financialservices.org.