Delaware General Assembly

House Judiciary 5/9/17

The General Assembly has ended, the current status is the final status.

5/9/17

Bolden

Sen. Sokola

Reps. J. Johnson, Keeley, Kowalko, Wilson
Sen. Ennis

AN ACT TO AMEND TITLE 6 OF THE DELAWARE CODE RELATING TO THE INVESTOR PROTECTION UNIT AND THE PROTECTION OF VULNERABLE ADULTS.

This bill mandates reporting to the Director of Investor Protection by a broker-dealer or investment adviser that has a reasonable belief that financial exploitation of an eligible adult has occurred or been attempted. It also enables broker-dealers and investment advisers to delay disbursement from an account of an eligible adult where financial exploitation is suspected. This also includes definitions of “eligible adult,” “financial exploitation” and “qualified individual” to be inserted into the Securities Act.

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