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SR-FINRA-2016-039

Proposed Rule Change to Adopt FINRA Rule 2165 (Financial Exploitation of Specified Adults)

Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to: (1) amend FINRA Rule 4512 (Customer Account Information) to require members to make reasonable efforts to obtain the name of and contact information for a trusted contact person for a customer’s account; and (2) adopt new FINRA Rule 2165 (Financial Exploitation of Specified Adults) to permit members to place temporary holds on disbursements of funds or securities from the accounts of specified customers where there is a reasonable belief of financial exploitation of these customers.

Title Format - Size Status
Text of the Proposed Rule Change PDF - 10.41 MB
Federal Register Notice PDF - 275.23 KB
Extension No. 1 PDF - 64.25 KB
Response to Comments PDF - 97.63 KB
Amendment No. 1 to Proposed Rule Change PDF - 87.56 KB
Approval Order PDF - 244.37 KB