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0.000122154810863639 0.000773647135469676 0.00126226637892423 0.00162873081151515 0.000203591351439437 0.000122154810863639 -0.00443829146137873 -0.00443829146137873
Stock impact report

New measures aim to protect older Americans from fraud [CNBC]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Company Research Source: CNBC
Sturti | Getty Images Brokers now have a couple of new weapons to help them battle financial fraud against older Americans . One rule, which takes effect Monday, allows brokers to put a temporary hold on a requested account withdrawal if financial exploitation is suspected. A lot of times, advisors haven't had the ability to stop a suspicious transaction, said Marve Ann Alaimo, a partner at the law firm Porter Wright Morris & Arthur in Naples, Florida. This, at least, lets them protect their clients and put it on hold until they can verify if it's a valid transaction, Alaimo said. Separately, an amendment to an existing securities rule will now require brokers to ask customers for a trusted person the advisor can reach out to if fraud or mental decline is suspected. The request for a trusted contact will be made either when accounts are opened or when brokers are updating information for existing clients. Elder financial fraud cases Show less Read more
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