S1071 (2023-24 session)
NY State bill
Allows for investment advisers and firms to disclose potential financial exploitation of elderly and vulnerable adults to the commissioner of the department of financial services and to halt disbursements from an account if an adviser or firm believes that financial exploitation is occurring.
- Title
- Prevents the financial exploitation of older and vulnerable adults
- Type
- New York State Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-01-03
- In committee
- Consumer Protection
- Introduced
- 2023-01-10
- Law section
- General Business Law
Sponsors
Co-sponsors
- James Sanders Jr. State Senator, District 10
Heard in committee
- Consumer Protection NY State Senate committee