What triggers the requirement for an RR to verify account information with specific adults in cases of financial exploitation?

The requirement for a registered representative (RR) to verify account information with specific adults in cases of financial exploitation is triggered by meeting the threshold age defined by FINRA. This provision typically applies to individuals who are 65 years of age or older, acknowledging the unique vulnerabilities that older adults may face regarding financial exploitation.

This specific age requirement is designed to provide additional safeguards for senior clients, recognizing that they may be at greater risk of being targeted for financial scams or exploitation. By requiring verification of account information with trusted adults, the rule aims to prevent unauthorized transactions and enhance investor protection.

In contrast, options like the submission of a fraudulent document or reports of suspicious behavior may indicate a risk of financial exploitation but do not specifically dictate the need for verifying account information based on age. Similarly, while denial of account access could be tied to concerns about account misuse, it does not create a systematic protocol for verifying information, which is what the age threshold is designed to address.