Alert
Close

   

Enter the Family Fun Travel Sweepstakes. No purchase necessary. See official rules

Highlights

Open
AARP Family Vacation - Photo Contest

Contests and
Sweeps

Enter the AARP Family Vacation Photo Contest

No purchase necessary. Ends 5/31/15. See official rules. 


Driver Safety

Piggy bank on the road - AARP Driver Safety

Take the new AARP Smart Driver Course!

You Could Choose Your Dream Vacation
Happy African American couple

AARP Books

Visit the Money Section

Enjoy titles on retirement, Social Security, and becoming debt-free.

Jobs You Might Like

most popular
articles

Viewed

Financial Regulatory Reform

The New Financial Law and You

Q-and-A explains how reforms affect your money, credit and investments

The fiduciary duty is important for older Americans, because people making decisions later in life have a much shorter window of opportunity to recoup losses. The fact that they can talk to somebody who has their best interest at heart makes it much less likely that they're going to get ripped off.

Q: Does the new law help protect older investors from being taken advantage of by scam artists?

A: To the extent that it enhances and makes clear the disclosures that are given, it's less likely that people are going to get duped. As far as preventing a Madoff-like Ponzi scheme, what the bill does is authorize a lot more money to the SEC for enhanced enforcement.

Q: If an older investor wants to work with a financial professional, how does the new legislation help ensure that that professional is qualified to give advice?

A: The bill authorizes grants to states to adopt and enforce rules governing the use in advertising of so-called senior specialist designations. These designations suggest that salespeople are qualified to give investing advice to people investing for retirement or in retirement.

Q: Does the law do anything to address misleading advertisements about financial products?

A: Not directly, but to the extent that more information is given in clearer language, it is less likely that people will get misled.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

The Cheap Life

Jeff Yeager Cheap Life Ultimate Cheapskate AARP YouTube web series save money

Catch the latest episode of The Cheap Life starring Jeff Yeager, AARP's Ultimate Cheapskate. Watch

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

member benefit aarp financial service auto insurance

AARP® Auto Insurance Program from The Hartford offers members no-cost quotes.

AARP Credit card from Chase

Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.

Woman holding smartphone in city, Google map tool

Members can find discounts on the go via the AARP® Member Advantages Offer Finder app.

Member Benefits

Join or renew today! AARP members receive exclusive member benefits & affect social change.

Advertisement

Advance your skills. Transform your career.

Explore your learning possibilities.