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Representative Josh Gottheimer (D-NJ) introduced a bill that would establish a "Senior Investor Taskforce" within the SEC to protect senior investors from fraud.
within Intellectual Property, International Law, Litigation and Mediation & Arbitration topic(s)
Representative Josh Gottheimer (D-NJ)
introduced a bill that would establish a "Senior Investor
Taskforce" within the SEC to protect senior investors from
fraud.
According to the bill, the taskforce would:
identify challenges, such as
financial exploitation and cognitive decline, that face senior
investors (i.e., investors above the age of 65);
assess whether changes to SEC or
self-regulatory organization rules are necessary; and
issue a report to Congress every two
years on the taskforce's activities.
The bill will also require the Government Accountability Office
to submit a report every two years on the economic costs of the
financial exploitation of senior citizens.
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