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Individuals who work for broker-dealers and sell investment products should be required to disclose relevant information and conflicts of interest, regardless of the type of license they hold.
Regulators should work to eliminate fraudulent, deceptive, or unfair practices with respect to investment sales, accounting methods, disclosures, and market structure.
Brokers and other financial professionals who commit fraud currently face civil sanctions. Policymakers should consider adding criminal penalties to this.
Victims of investment fraud should have adequate federal and state statutory remedies, including access to courts for individual or class claims.
State regulators should create a regulatory structure to promote consumer protection. This includes establishing full-time, independent insurance consumer advocate offices.
Policymakers should require fair terms and conditions in insurance to ensure availability and coverage. In particular, age alone should not be used to limit coverage.
Policymakers should ensure the availability and affordability of insurance coverage for natural disasters.
Policymakers should eliminate unfair, deceptive, or abusive practices in insurance. Policies should ensure consumer protections.