Nebraska Enacts Broker-Dealer and Investment Adviser Financial Exploitation Law
By EsqSocial Corporation 08/04/21
On March 31, 2021, Nebraska became the latest state to pass legislation to protect elder and vulnerable adults from financial exploitation. The new law allows broker-dealers and investment advisers to report suspected financial exploitation to The Adult Protective Services Division of the Department of Health and Human Services or The Department of Banking and Finance. Firms are also allowed, but not required, to contact (i) third parties previously designated by the eligible adult or (ii)...
By: Bressler, Amery & Ross, P.C.