CT SB00265

Prohibits financial planners from using senior-focused certifications, designations, or advertising claiming special training in serving seniors unless they hold certification under Connecticut General Statutes section 36b-4.

Requires financial planners to disclose to consumers upon request whether they have a fiduciary duty for each specific recommendation they make.

Defines "financial planner" as a person offering individualized financial planning or investment advice for compensation that is not regulated under the Employee Retirement Income Security Act of 1974, Investment Advisers Act of 1940, or Securities Exchange Act of 1934.

Directs the Commissioner of Consumer Protection to maintain an online list of Certified Financial Planner Board of Standards certified planners and investment advisers required to act in consumers' best interests, plus information on consumers' rights to request fee and compensation disclosures.

All provisions take effect upon passage.