Nationwide Reporting Chart

Notwithstanding any law on privileged communications, each health practitioner, police officer, or human service worker who contacts, examines, attends, or treats an alleged vulnerable adult and who has reason to believe that the alleged vulnerable adult has been subjected to abuse, neglect, self-neglect, or exploitation shall notify. Md. Code Ann. Fam. Law. § 14-302(a).

Any individual other than a health practitioner, human service worker, or police officer who has reason to believe that an alleged vulnerable adult has been subjected to abuse, neglect, self-neglect, or exploitation may file with the local department an oral or written report of the suspected abuse, neglect, self-neglect, or exploitation. Md. Code Ann. Fam. Law. § 14-302(c).

Notwithstanding any other law limiting or prohibiting disclosure, a fiduciary institution shall make an abuse report as provided in this subsection if an employee of the fiduciary institution, while acting within the scope of the employee’s employment: (i) has direct contact with an elder adult or reviews or approves an elder adult’s financial documents, records, or transactions in connection with financial services provided by the fiduciary institution to or for the elder adult; and (ii) observes or obtains knowledge of behavior or unusual circumstances or transactions that leads the employee to know or have reasonable cause to suspect that the elder adult is the victim of financial abuse. Md. Code Ann. Fin. Inst. § 1-306(d)(1).

A broker–dealer, an investment adviser, or a qualified individual that reasonably believes that an eligible adult has been, is currently, or will be the subject of financial exploitation or attempted financial exploitation shall promptly notify: the commissioner; and a local department under § 14–302 of the family law article. Md. Code Ann. Corps & Ass’ns § 11-307(b)(1).

Broker-Dealer: A person engaged in the business of effecting transactions in securities for the account of others or for his own account. Md. Code Ann. Corps & Ass’ns § 11-101(c)(1).

Investment Advisor: A person who, for compensation:

(i) Engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities, or who, for compensation and as a part of a regular business, issues or promulgates analyses or reports concerning securities; or

(ii)  1. Provides or offers to provide, directly or indirectly, financial and investment counseling or advice, on a group or individual basis;

2. Gathers information relating to investments, establishes financial goals and objectives, processes and analyzes the information gathered, and recommends a financial plan; or

3. Holds out as an investment adviser in any way, including indicating by advertisement, card, or letterhead, or in any other manner indicates that the person is, a financial or investment “planner,” “counselor,” “consultant,” or any other similar type of adviser or consultant. Md. Code Ann. Corps & Ass’ns § 11-101(i)(1).

Qualified Individual: An agent, an investment adviser representative, or a person who serves in a supervisory, compliance, or legal capacity for a broker–dealer or an investment adviser. Md. Code Ann. Corps & Ass’ns § 11-307(a)(6).