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Dec 11, 2018 by |

Marin County and California Financial Elder Abuse and Securities Attorney: Financial Advisor, Planner, and Stockbroker Fraud and Financial Elder Abuse

ATTORNEY NEWSLETTER

Seniors: Watch Out for Financial Fraud From Planners, Stockbrokers and Financial Advisors

If You’re a Victim, We Can Help

Unscrupulous financial advisors, retirement planners and stock brokers prey on seniors in particular. In some cases, the broker/advisor has a history of preying on the elderly but the brokerage firm itself has done nothing to stop the illegal practices. The Marin County securities fraud and financial elder abuse attorneys at Evans Law Firm believe brokers, advisors and planners and the firms they work for should both be accountable to seniors when they are financially exploited.  Our lawyers represent California seniors who have suffered from fraud and/or financial elder abuse by advisors, planners and stockbrokers (and their firms) selling inappropriate or unsuitable investments including annuities, churning accounts or annuities, making unauthorized trades, failing to disclose important information, embezzling or any other kind of fraud. I you are a victim, call us today at (415)441-8669.

Facts in a fraud case may indicate that the brokerage firm inadequately supervised unethical advisors or failed to catch ongoing fraud because of lax compliance rules and reviews. In one recently reported case, for example, a broker embezzled from elderly clients for a ten-year period without his firm ever auditing his books and spotting the theft. In another recent case, a broker barred from being a broker in one State immediately resumed practice in another State and defrauded senior citizens out of $4.2 million. [1] The second firm should never have hired him had it done a proper background check.

Always check an advisor’s or broker’s background before doing any business with them. The Securities and Exchange Commission (SEC) urges you to check advisor/broker backgrounds with the search tool available at investor.gov. In addition to investor.gov you can also get information at SEC Action Lookup – Individuals (SALI) on past SEC proceedings against your advisor.  You should also run a check at https://brokercheck.finra.org/.  All these search tools are free so use all available online tools to research any seller before you buy.  If you already have purchased an investment and suffered a loss as a result of fraud, call the securities and financial elder abuse lawyers at Evans Law Firm.

Contact Us

If you or someone you love is the victim of any type of securities fraud or financial elder abuse in California, call Ingrid M. Evans and the other Marin County and California securities fraud and elder abuse attorneys at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:info@evanslaw.com”>info@evanslaw.com</a>. Our attorneys have experience with fraud and financial elder abuse cases and complex qui tam or whistleblower cases including offshore tax avoidance cases, complex financial contract cases and cases against large insurance companies. We can help guide your case through a FINRA Arbitration, jury trial or toward an equitable settlement.  We also handle cases involving physical elder abuse, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.

[1] Evans Law Firm was not involved in either of these recent cases in any way.

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