The U.S. House of Representatives
passed a bill that would establish an SEC "Senior Investor
Taskforce." The taskforce would be (i) headed by an SEC
Chair-appointed individual with "experience in advocating for
the interests of seniors" and (ii) staffed by individuals from
the Division of Enforcement, the Office of Compliance Inspections
and Examinations (renamed the Division of Examinations) and the
Office of Investor Education and Advocacy.
The purpose of the taskforce would be, among other things,
to:
-
identify the issues faced by senior investors (i.e., issues
stemming from financial exploitation and cognitive decline);
-
determine the areas in which seniors would benefit from
additional regulations;
