IDEAS home Printed from https://ideas.repec.org/a/mof/journl/ppr16_07_05.html
   My bibliography  Save this article

Legislation on the protection of elderly investors in the United States -Recent efforts by the U.S. federal legal system

Author

Listed:
  • Yoko Manzawa

    (Associate Professor Faculty of Business Sciences University of Tsukuba)

Abstract

With the advent of a super-aging society, various efforts are being made in Japan to protect elderly investors. This paper explores better legal systems to protect them by referring to the case of the United States, which has tackled this issue early on. In the United States, to resolve this issue, protecting older people “extensively” and “effectively” from the act of depriving (trying to deprive) of financial assets (called “financial abuse” in the United States) seems to be emphasized. Of these, this paper focuses on “mandatory reporting,” a system that imposes a reporting obligation on financial institutions, which can be a powerful weapon for “effective” protection. As the “mandatory reporting system” has been adopted by the U.S. federal legal system recently, this paper investigates its contents, its actual operations and its significance. Then, by comparing it with the system in the State of California, in which Manzawa (2018) investigated how the “mandatory reporting system” has been operated, this paper tries to grasp the “mandatory reporting system” in the United States as a whole.

Suggested Citation

  • Yoko Manzawa, 2020. "Legislation on the protection of elderly investors in the United States -Recent efforts by the U.S. federal legal system," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 16(7), pages 1-20, October.
    • Handle: RePEc:mof:journl:ppr16_07_05
    as

    Download full text from publisher

    File URL: https://www.mof.go.jp/english/pri/publication/pp_review/ppr16_07_05.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mof:journl:ppr16_07_05. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Policy Research Institute (email available below). General contact details of provider: https://edirc.repec.org/data/prigvjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.