National Association of Insurance and Financial Advisors

 

NAIFA Action Alert-SB 95

  • 01 Feb 2017 9:04 AM
    Message # 4581046
    Jess Campbell (Administrator)

    NAIFA Action Alert on SB 95

    SEE OUR POSITION HERE: NAIFA Position for SB 95

    Roger Beyer, NAIFA Oregon lobbyist

    The following bill has been introduced in the 2017 legislature and has been scheduled for a public hearing on Monday 2/13/2017 1:00 PM, HR D at the State Capitol.

    SB  0095- Requires certain securities professionals to report suspected financial exploitation of elderly, disabled or vulnerable individual to Department of Consumer and Business Services and Department of Human Services. Punishes failure to report by maximum of $2,000 fine. Permits certain securities professionals to report suspected financial exploitation to third parties previously authorized to receive financial information about suspected victim. Permits broker-dealers and state investment advisors to delay disbursements in order to investigate suspected financial exploitation.

    Your State Board has voted to Oppose this measure as drafted and has adopted the attached position statement. 

    To find out if your Senator is on the Human Services Committee listed below, use this link.

    Senator Sara Gelser, Chair                Albany, Corvallis, Philomath, Millersburg, Tangent        

    Senator Alan Olsen, Vice Chair         Canby, Oregon City, Gladstone, Estacada and the rural areas between them.

    Senator Tim Knopp                             Bend, Redmond, Sunriver, and Tumalo

    Senator Michael Dembrow                 SE and NE Portland and the city of Maywood Park

    Senator Laurie Monnes Anderson      Gresham, Troutdale, Fairview, and Wood Village

    If your Senator is on the list, Please contact them at once and ask them to make the changes requested in the attached document.

    Punishes failure to report by maximum of $2,000 fine. Permits certain securities professionals to report suspected financial exploitation to third parties previously authorized to receive financial information about suspected victim. Permits broker-dealers and state investment advisors to delay disbursements in order to investigate suspected financial exploitation. Punishes failure to report by maximum of $2,000 fine. Permits certain securities professionals to report suspected financial exploitation to third parties previously authorized to receive financial information about suspected victim. Permits broker-dealers and state investment advisors to delay disbursements in order to investigate suspected financial exploitation.Punishes failure to report by maximum of $2,000 fine. Permits certain securities professionals to report suspected financial exploitation to third parties previously authorized to receive financial information about suspected victim. Permits broker-dealers and state investment advisors to delay disbursements in order to investigate suspected financial exploitation.

    Punishes failure to report by maximum of $2,000 fine. Permits certain securities professionals to report suspected financial exploitation to third parties previously authorized to receive financial information about suspected victim. Permits broker-dealers and state investment advisors to delay disbursements in order to investigate suspected financial exploitation.

    Punishes failure to report by maximum of $2,000 fine. Permits certain securities professionals to report suspected financial exploitation to third parties previously authorized to receive financial information about suspected victim. Permits broker-dealers and state investment advisors to delay disbursements in order to investigate suspected financial exploitation


    To see the original announcement click here: http://naifaoregon.org/State-News/4576785

Address: PO Box 2881, Salem, OR 97308 ● Phone: 503-371-7457 ● Fax: 503-585-8547 ● Email: Office@naifaoregon.org

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