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New York policy

S1293: Prevents the financial exploitation of older and vulnerable adults

NY Senate · Sponsor George Borrello

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
January 7, 2026

What it requires

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.

ny-statesenatelegislationbill

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