CFPB calls for higher standards for investment advice

04/18/2013 | Hill, The · Washington Post, The

The Consumer Financial Protection Bureau is calling for higher standards and more transparency in the way financial advisers market themselves to seniors, noting that some are taking advantage of seniors and luring them into risky investments and scams. The Securities and Exchange Commission and state regulators should establish standards for "senior" designations and create an easy way to verify advisers' credentials, the CFPB says.

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Hill, The · Washington Post, The

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