advisor or
adviser in marketing materials, disclosures, customer agreements, websites, on business cards or on social media while operating in the capacity of a BD’s RR (not as an IA);
13
32 percent of BDs that allowed RRs to use the title had no prerequisite for the RRs’ use of that title (
e.g., requiring the RR to be dually registered as both an RR and IA representative).
14
38 percent of BDs surveyed did not have E&O insurance to cover investor losses.
15
16
2. Reg BI Survey, Phase Two & Examinations, 2021
The Committee plans to conduct Phase Two of the Reg BI Survey this summer, and also expects that the States will begin to conduct Reg BI examinations (both remotely, and onsite); those exams may include the Reg BI Survey or occur independent of the Reg BI Survey. It appears that originally, the Committee planned to gather the Phase Two survey results and then roll-out the Reg BI examination modules to the States – more on modules below – but as we all know by
Congresswoman Kelly’s Bill to Protect Seniors from Scams Passes House
Congresswoman Robin Kelly. (SUPPLIED)
Washington, D.C.-(ENEWSPF)- On April 15, the U.S. House of Representatives passed H.R. 446, the Protecting Seniors from Emergency Scams Act, a bipartisan bill introduced by Congresswoman Robin Kelly (D-IL-02) and Congressman Troy Balderson (R-OH-12).
“Seniors have had so much to worry about during the COVID-19 pandemic – from staying healthy, to worrying about friends and family, to not being able to see their loved ones,” said Rep. Kelly. “As seniors are navigating how to get vaccines and safely get access to services, we need to stop the scammers trying to steal their personal information and money. This bill will help educate seniors about ongoing scams and empower them with resources to report attempted scams to law enforcement.”
Boebert opposes bone marrow, scam protection bills gjsentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gjsentinel.com Daily Mail and Mail on Sunday newspapers.
House of Representatives passes bills aimed to help protect seniors from consumer scams
Copyright 2019 The Associated Press. All rights reserved.
Alex Brandon/AP
FILE - This Jan. 28, 2015, file photo, shows the Federal Trade Commission building in Washington. (AP Photo/Alex Brandon, File)
and last updated 2021-04-16 13:58:19-04
WASHINGTON (WKBW) â According to Rep. Brian Higgins (N.Y.-26) the United States House of Representatives has passed two bills aimed at protecting older Americans from consumer scams.
According to public data from the Federal Trade Commission, the agency received 260,000 reports of fraud between January of 2020 and April 2021 totaling over $406.3 million in losses, with people over the age of 60 more likely to lose more money and were less likely to report it.
Right-Wing House Republicans Vote Against Bills Combating Senior Scams, Carbon Monoxide forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.