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Full-Text Articles in Securities Law
Financial Exploitation Of The Elderly: An Overview Of Regulatory Action, Christine Lazaro
Financial Exploitation Of The Elderly: An Overview Of Regulatory Action, Christine Lazaro
Faculty Publications
(Excerpt)
Financial exploitation of the elderly is a significant problem, which is only getting worse over time. A study by MetLife estimated that seniors lost $2.9 billion as a result of financial abuse, recognizing that the number was likely low due to underreporting of abuse. Each year, the elder population increases as the baby boomer generation ages. By the year 2050, it is estimated that 83.7 million people will be aged 65 or older, double what it was in 2012.
The Regulation Of Digital Investment Advice, Christine Lazaro
The Regulation Of Digital Investment Advice, Christine Lazaro
Faculty Publications
Digital investment advice, or robo-advice, is a growing trend in the financial services industry. It is expected that by 2022, robo-advisers will manage over $4 trillion in assets. Robo-advice covers a wide range of services, however all involve advice derived from algorithms. This article will discuss what robo-advice is as well as how it is regulated by the SEC and FINRA.