Category: Financial Exploitation

ATTORNEY NEWSLETTER Securities Fraud on Seniors Securities Law and Elder Law Violations All California consumers are potential victims of securities fraud but seniors are at greatest risk. Unscrupulous brokers and promoters target seniors because they have more money to invest for one thing.  But seniors may also be easier targets […]

ATTORNEY NEWSLETTER Elder Abuse in Alameda County Most Reported Cases are for Financial Elder Abuse Elder abuse is a real problem in Alameda County and throughout California. Although elder abuse takes different forms (physical, financial, neglect, psychological, etc.), over 70% of reported cases in Alameda County involve financial elder abuse.  […]

ATTORNEY NEWSLETTER The Trouble With Annuity Replacements Churning Annuities In shifting economic climates, insurance agents often recommend replacement of old annuity or whole or universal life insurance policies with promises of better, newer products. For most policyholders, especially seniors, replacements are inappropriate because they are expensive, can trigger tax liabilities, […]

ATTORNEY NEWSLETTER Be Wary of Annuities in Retirement Accounts 401(k)s and IRAs Are Already Tax-Deferred Tax deferral is the key to successful retirement savings. 401(k)s, IRAs, SEPs and the like offer tax deferral and retirement savings grow tax-free until it’s time to withdraw without penalty after age 59 ½. Earlier […]

ATTORNEY NEWSLETTER President Obama’s Fiduciary Rule Put You First, Not Your Broker The Current Administration Will Eliminate That Protection The Trump Administration is intent on destroying consumer protection. Witness his attack on the Consumer Financial Protection Bureau and now on President Obama’s initiative to protect consumers from financial advisors who […]

ATTORNEY NEWSLETTER Failure to Disclose as Securities Fraud Recently the Securities and Exchange Commission (SEC) reached a $35 million settlement with Altaba Inc. for alleged securities fraud[1].  For those of you that don’t know, Altaba is the old Yahoo!. Previously, the SEC charged the company with failure to investors of […]

Financial fraud is a pervasive problem and seniors are often the ones victimized by the perpetrators of that fraud. A California securities fraud attorney should be consulted to provide representation in circumstances where a senior has been the victim of any kind of financial fraud. An attorney can help seniors […]

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Whistleblower Program Futures and derivatives trading played a major part in this country’s financial crisis of 2008. Some of that trading was based on misrepresentations and fraud.  The Commodity Futures Trading Commission (CFTC) oversees futures, options, currency and derivatives trading in the United States […]

ATTORNEY NEWSLETTER Illegal Churning of Accounts Securities Fraud and Financial Elder Abuse A recent Southern California case of stockbroker churning reveals the seriousness of allegations of broker misconduct, especially when the misconduct targets seniors. Churning means excessive trading by a broker in a client’s account largely to generate commissions. Stock […]

ATTORNEY NEWSLETTER: What Is Financial Elder Abuse? Financial elder abuse, along with physical elder abuse and psychological elder abuse, is one of the three major forms of elder abuse that poses a threat to the safety and wellbeing of older adults. Generally, it occurs when one person takes advantage of […]