Sec. 9. (a) A broker-dealer or investment adviser may provide to protective agencies or law enforcement access to or copies of records that are relevant to the suspected financial exploitation of a financially vulnerable adult. The records may include records relating to:

(1) disbursement of any funds from an account of the financially vulnerable adult; and

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Terms Used In Indiana Code 23-19-4.1-9

  • Broker-dealer: means a person engaged in the business of effecting transactions in securities for the account of others or for the person's own account. See Indiana Code 23-19-1-2
  • financial exploitation: means the wrongful or unauthorized taking, withholding, appropriation, or use of money, real property, or personal property of a financially vulnerable adult. See Indiana Code 23-19-4.1-1
  • financially vulnerable adult: means an individual to whom one (1) or more of the following apply:

    Indiana Code 23-19-4.1-2.1

  • Investment adviser: means a person that, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or the advisability of investing in, purchasing, or selling securities or that, for compensation and as a part of a regular business, issues or promulgates analyses or reports concerning securities. See Indiana Code 23-19-1-2
  • protective agencies: refers to both of the following:

    Indiana Code 23-19-4.1-4

(2) disbursements of funds that comprise the suspected financial exploitation of a financially vulnerable adult.

     (b) All records made available to the protective agencies under this section are confidential under IC 5-14-3.

As added by P.L.39-2016, SEC.1. Amended by P.L.158-2017, SEC.12.

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