FINRA and Brown v. Wells Fargo Bank

Another reason to proceed with caution when dealing with senior citizens, clients with disabilities and any client who could be perceived as “vulnerable.” The point of this article is to highlight another procedural trap into which an unwitting adviser may step when dealing with seniors or others perceived to be “vulnerable.”  In the context of the adviser - customer relationship, vulnerability can include “...advanced age, youth, lack of education, ill health and mental weakness.”1  Perceived vulnerability coupled with the fiduciary [...]