Financial Exploitation Prevention Act of 2025 postpones redemption of securities to prevent financial exploitation of specified adults.
The Financial Exploitation Prevention Act of 2025 amends the Investment Company Act of 1940 to allow registered open-end investment companies and transfer agents to postpone the redemption of securities for up to 15 business days if they reasonably believe financial exploitation is involved. This applies to specified adults, defined as individuals aged 65 or older or those under 18 with mental or physical impairments. Companies must notify specified individuals and conduct internal reviews.
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