CT HB06992

Defines "financial planner" as a person offering individualized financial planning or investment advice to consumers for compensation where the activity is not otherwise regulated by state or federal law.

Prohibits financial planners from using certificates, professional designations, or advertising claiming special training or experience serving senior citizens unless they obtain the appropriate certificate or title under Connecticut General Statutes section 36b-4.

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

Directs the Banking Commissioner to provide links on the department's website to educational materials about financial planning designations and investment adviser requirements, as well as information on consumers' rights to request fee and compensation disclosures.

Requires the Department of Banking to share educational information with the Department of Consumer Protection, which must post the same information on its own website.