“I needed medical attention and I was hurting and he was hitting and pushing me and calling me fat."INDIANAPOLIS — A new state regulation that went into effect this week is geared at protecting senior citizens from investment advisors who use bogus titles.
The Indiana secretary of state's office said under the new rule, professionals whose titles include the words "senior," "retirement" and "elder" along with the terms "specialists," "adviser" or "consultant" will violate state securities law.
Violations are punishable by a $10,000 fine and license suspension or revocation.
The rule doesn't apply to professional titles approved by the American National Standards Institute or the National Commission for Certifying Agencies.
