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.

• 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