AG Nessel and the Elder Abuse Task Force are celebrating the implementation of critical amendments to Michigan’s Uniform Securities Act. These changes designate securities brokers, dealers, and investment advisors as mandatory reporters of suspected financial exploitation of vulnerable adults. 

“By requiring securities brokers, dealers, and investment advisors to report suspected financial exploitation, the Uniform Securities Act closes a dangerous loophole that previously helped enable bad actors to drain the investment accounts of vulnerable residents. I am proud of the important work the Elder Abuse Task Force has done and continues to do to protect the life savings of our seniors and to ensure they can age with dignity, security, and peace of mind.”- AG Nessel