Senior designations for financial advisers

Reducing consumer confusion and risks

[May 09, 2013]  WASHINGTON -- The Consumer Financial Protection Bureau posted the information below on its website:

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The Dodd-Frank Wall Street Reform and Consumer Protection Act directs the Office of Financial Protection for Older Americans in the Consumer Financial Protection Bureau (CFPB or Bureau) to make recommendations to Congress and the Securities and Exchange Commission on the best practices for (i) disseminating information regarding the legitimacy of certifications of financial advisers who advise seniors; (ii) methods in which a senior can identify the financial adviser most appropriate for the senior's needs; and (iii) methods in which a senior can verify a financial adviser's credentials.

Read the report. (PDF)

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Source: http://www.consumerfinance.gov/
reports/senior-designations-for-financial-advisers/

[Text copied from Consumer Financial Protection Bureau website]