The Senior Safe Act became federal law on May 24, 2018. The Senior Safe Act does not mandate any action by financial institutions and regulators. However, for financial institutions and certain eligible employees (discussed below), affiliated persons, and associated persons (“eligible employees”), who satisfy its requirements, the Senior Safe Act provides immunity from liability in any civil or administrative proceeding for reporting potential exploitation of a senior citizen.  For further information on the Senior Safe Act visit https://www.sec.gov/news/press-release/2019-75