US financial watchdog the securities Industry Regulatory Authority is considering extending an incoming rule that 's designed to protect elderly clients from fraudulent disbursements from brokerage firms . If adopted , the extension would also allow the disclosure of suspected fraudulent transactions . As it stands , Rule 2165 , which came into effect in February , would allow broker - dealers to freeze disbursements from accounts of elderly clients if fraud is discovered .
US financial watchdog the Financial Industry Regulatory Authority is considering extending an incoming rule that's designed to protect elderly clients from fraudulent disbursements from brokerage accounts. If adopted, the extension would also allow the suspension of suspected fraudulent transactions. As it stands, Rule 2165, which comes into effect in February, will allow broker-dealers to freeze disbursements from accounts of elderly clients if fraud is suspected.