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FINRA ANNOUNCES TOLL-FREE HELP LINE FOR SENIOR INVESTORS

By George C. Miller, Esq. of Shustak Reynolds & Partners, P.C. posted on Friday, May 1, 2015.

The Financial Industry Regulatory Authority (FINRA), a private corporation charged with regulating the securities industry, recently launched a toll-free help line to assist senior investors with concerns about their brokerage accounts and investments.  Senior investors may call the hotline (844-57-HELPS) from 9 a.m. to 5 p.m. Eastern, Monday through Friday.  FINRA pledges to provide seniors with “neutral, knowledgeable assistance” in reviewing investment portfolio and account statements;  addressing concerns about the handling of brokerage accounts; and in providing information regarding FINRA’s investor tools and resources, including the BrokerCheck system. 

“FINRA views the protection of senior investors as a key priority,” according to a press released published on the regulator’s site in late April.  With the social security administration estimating that 10,000 Americans will turn 65 every day for the next 15 years, elder abuse, unsuitable investments and other issues unique to senior investors are sure to rise. 

Shustak Reynolds & Partners’ FINRA arbitration lawyers and securities litigation attorneys handle a wide range of securities industry disputes.  Contact us today for a confidential analysis of your situation.  

 

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