SEC and CFPB Issue Investor Bulletin Regarding Planning for Diminished Capacity and Illness
The SEC Office of Investor Education and Advocacy and the CFPB Office for Older Americans issued an investor bulletin and consumer advisory to help investors and consumers understand the potential impact of diminished capacity on their ability to make financial decisions.
The bulletin defines "diminished financial capacity," and encourages investors and consumers to plan for possible diminished financial capacity well before it happens.