According to FINRA's financial exploitation rules, who qualifies as a specified adult?

In the context of FINRA's financial exploitation rules, the concept of a "specified adult" is specifically defined to include individuals who are 65 years of age or older, as well as any person aged 18 or older who is reasonably believed to have a mental or physical impairment that makes them susceptible to financial exploitation.

In this scenario, the correct answer emphasizes the criteria for being a specified adult, highlighting the concerns over vulnerability associated with particular age and impairment factors. While the age and situation of the specified individuals are relevant, the inclusion criteria focus particularly on those who may not have the capacity to make informed financial decisions due to age or impairment. Therefore, the 50-year-old retired senior aligns with the definition within the regulations, while the other choices present individuals who do not meet the necessary age or established vulnerability criteria specified by FINRA for financial exploitation protections.