Elder Financial Abuse: When Can a Brokerage Firm Be Held Responsible?
Financial exploitation of older Americans is a growing problem, and the consequences can be devastating. A senior investor may spend…
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Congress Moves to Protect Seniors from Investment Fraud
Financial exploitation of older Americans has become one of the most serious investor-protection problems in the United States. Criminals increasingly…
Read MoreSeniors Most Often Defrauded by Family and Friends
For a number of reasons, seniors are some of the most likely victims of financial and securities fraud. First, given…
Read MoreMaserati-Buying Insurance Agent Admits to Stealing $1.5 Million from Elderly Clients
On February 5, 2018, a San Diego insurance agent, Shawn Heffernan, pleaded guilty to defrauding senior citizens and others out…
Read MoreCalifornia Securities Lawyer Update: FINRA Panel Slams Wedbush Securities in Elder Abuse Arbitration
A panel of FINRA arbitrators recently awarded $1.4 million to [...]
Read MoreFINRA PROPOSES RULE TO CURB ELDER FINANCIAL ABUSE
FINRA recently proposed a rule that would allow brokers to report [...]
Read MoreFidelity Hit With $1 Million Fine for Failing to Detect Fraud Against Seniors
This week FINRA hit the retail brokerage arm of Fidelity Investments with a $1 million fine and sanction for failing…
Read MoreFINRA ANNOUNCES TOLL-FREE HELP LINE FOR SENIOR INVESTORS
The Financial Industry Regulatory Authority (FINRA), a private corporation charged with regulating the securities industry, recently launched a toll-free help…
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