Category: financial elder abuse

ATTORNEY NEWSLETTER Big Commissions on Unsuitable Annuity Exchanges FINRA Cracking Down Annuity salesman love to promote annuity exchanges, urging clients to swap one annuity for another. Big commissions incentivize salesmen for deals unsuitable to clients. For years, the Financial Industry Regulatory Authority (FINRA) has warned investors about the risks of […]

ATTORNEY NEWSLETTER Financial Elder Abuse in The Construction Industry Thieving Contractors Target Seniors Authorities recently arrested a trio of building contractors in Santa Rosa in Sonoma County accused of stealing close to $1 million from a variety of clients. Included in charges against the three are counts of elder abuse. […]

ATTORNEY NEWSLETTER The Growing Problem of Financial Elder Abuse Financial Elder Abuse Financial elder abuse is a growing problem in our backyard of Los Angeles, California and across the country as well. Even just the numbers are shocking. For instance, it is estimated that around 5 million seniors are the […]

ATTORNEY NEWSLETTER Protecting Your Interests F is For Fiduciary When we at Evans Law Firm use the “f word” we mean fiduciaries. Fiduciaries are those we trust to advise us about our money. In “Other People’s Money,” Justice Brandeis observed there are few duties stricter. Justice Cardozo wrote that fiduciaries […]

ATTORNEY NEWSLETTER FINRA Gives Individual $1 Million for Annuity Fraud Annuity Fraud Annuity fraud, especially targeting seniors, is a growing problem. Complex annuities are often sold to individuals as retirement investments when they are, in fact, an insurance product often wholly unsuitable to a client’s portfolio or future financial needs. […]

ATTORNEY NEWSLETTER FINRA Senior Hotline Calls Lead to Help There are lots of unsavory people out there preying on senior citizens. Too often, the swindlers are financial advisors, insurance agents or brokers and bankers. People you should be able to trust. The reality is far different. Each year advisors, brokers […]

ATTORNEY NEWSLETTER The Terrible Truth of Financial Elder Abuse Financial Elder Abuse Vulnerable populations are often the easiest to take advantage of, and elders are no exception. Financial elder abuse is a crime on the rise, and it costs elders, families, caretakers, and even the government a great deal of […]

ATTORNEY NEWSLETTER The Terrible Truth of Annuities Annuities A lot of people are talked into annuities as a way to save for retirement. Please think twice (or three times) before you are sold an annuity. As more and more people, seniors particularly, end up with annuities, it becomes clear that […]

ATTORNEY NEWSLETTER FINRA Announces Tough New Sanctions Cracking Down on Exploitation The financial industry is taking a long, hard look at the way its own people approach the consumer. Especially, the vulnerable consumer, who is most susceptible to exploitative practices and, in the case of seniors, financial elder abuse. The […]

ATTORNEY NEWSLETTER Financial Exploitation of Elders: A Crime on the Rise Financial Elder Abuse The elderly population in America is steadily growing, as our baby boomers become senior citizens. In fact, about 10,000 individuals turn 65 every single day, which is making “elderly” a very steadily-increasing sector of our population. […]