Previously this blog reported on NASAA’s model state legislation, proposed last month. Yesterday, the Financial Regulatory Authority (FINRA) weighed in. With 25% of complaints involving seniors, and 10,000 baby boomers retiring per day, it’s not surprising. But the specific proposals (requiring appointment of a “trusted” person who can make financial decisions if the client’s judgment becomes impaired on all new accounts; the ability for firms to freeze transfers if they suspect “odd activity”) may not go down so well with all clients. The formal proposal will be open for comment “later this week or early next week”.