Kansas HB 2562: Investment Adviser Reporting and Transaction Hold

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Requires reporting of financial exploitation, authorizes broker-dealers and investment advisers to notify associated parties and delay transactions, and applies protections to adults age 60+ and dependent adults.

Status: Passed State: Kansas Tags: Vulnerable Populations

About the Legislation:

Requires reporting of financial exploitation under certain circumstances, allows broker-dealers/investment advisers to contact an associated person about the financial exploitation, allows them to delay a transaction or disbursement associated with the financial explotitation, aplies to adults 60 years and older or a dependent adult.

State Association Contact

Kelly VanZwoll, SVP Government Relations, Kansas Bankers Association

Kansas HB 2562: Investment Adviser Reporting and Transaction Hold

About the Legislation:

State Association Contact

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