Positions of Trust

Overview

FINRA recently implemented a rule to address elder financial abuse and potential conflicts of interest when registered persons are named beneficiaries or hold positions of trust for customers. Member firms have updated policies and provided training on this rule. This course explains the rule, its purpose, and the customer abuses it aims to prevent, detailing the environment and sanctions related to these concerns.

Find this course for your license

License or Certification

Regulator

Learning Objectives

Have a solid understanding of elder financial abuse
Have a solid understanding of the nature of the positions of trust and designations of beneficiary covered by the rule
Understand what your obligations are upon receiving notice that you have been named to such a designation or proposed designation
Understand what your responsibilities are regarding existing designations when you join a new firm
Understand the member firm compliance, supervisory, and recordkeeping obligations under the rule
Understand a member firm's ability to set a stricter standard for such designations and bequests
Understand how the rule arose in conjunction with and works with other senior protection rules and statutes

Designed For:

Registered Representatives

Course Information

Adding additional credit may change exam requirements.

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