The U.S. Securities and Exchange Commission wants members of the public to tell it how to ensure that financial services firms deal fairly with senior investors.
The SEC announced a joint senior investor “best practices” effort with the North American Securities Administrators Association, Washington, and the Financial Industry Regulatory Authority, Washington, earlier this month.
The SEC hopes the new notice will bring in information about industry practices that appear to be successful at making sure that companies and sales representatives work with older investors in a responsible fashion, officials say.