- Associated Press - Thursday, May 7, 2015

JEFFERSON CITY, Mo. (AP) - Financial professionals who suspect an older Missouri resident or person with a disability is the target of financial fraud would have broader authority under a measure headed to the governor.

The Missouri Senate voted 33-1 Wednesday on a measure that supporters say will give latitude to financial advisers to protect seniors from financial exploitation.

The bill would provide legal protections for financial advisers who put a hold on transactions they deem suspicious for a limited time.

The hold would be allowed for only people over 60 or those with disabilities.

The financial professional would have to inform a relative, attorney or the authorities about the potential fraud.

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The financial fraud bill is SB 244.

Online:

Senate: https://www.senate.mo.gov


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