Introduced
by
To allow brokers and investment advisors who suspect that financial exploitation is being committed against a client or customer to delay the disbursement of funds from the account of an individual age 65 or older, or one who may have cognitive impairments. The bill would require notice be given to any others on the account. The delay would expire in 15 days unless the broker or advisor determines the disbursement is legitimate sooner than that.
Referred to the Committee on Insurance and Banking
