The Financial Industry Regulatory Authority, known as FINRA, has set up a new telephone helpline exclusively for seniors.
FINRA, a private organization set up by the financial industry to police itself, said the helpline is aimed at answering older adults' questions and assisting them with concerns about their investments and brokerage accounts.
For example, FINRA's staffers can help you understand questions about charges or fees on your investment accounts and point you to free educational tools that can make you a better investor. They can also address concerns about how your broker is handling your account. They will not, of course, give you advice about specific investments.
The helpline is available 9 a.m.-5 p.m. Monday-Friday. Call toll free, 844-574-3577.