Unscrupulous Stockbrokers Prey on Elderly
Recently, a large national stockbrokerage discharged two veteran brokers for financial elder abuse of senior customers. One broker talked the senior into naming the broker’s children as beneficiaries on the senior’s account and the other accepted unauthorized instructions from a third party to trade in the elder client’s account. Both brokers had clean track records up to that point. The two cases illustrate different ways of taking advantage of senior clients. The cases also show how financial elder abuse can hit a senior in different directions.
The San Francisco and California securities fraud and financial elder abuse attorneys at Evans Law Firm, Inc. represent California seniors who suffer financial elder abuse at the hands of stockbrokers. In addition to the frauds described above, brokers may also sell seniors inappropriate or unsuitable investments like options or currencies, churn their accounts to generate commissions, recommend risky investments and private placements, sell annuities inappropriate for seniors, fail to disclose important information, convince the senior to give them Power of Attorney and turn it to their own advantage, overuse margins, and more. Call us today at (415)441-8669 if you’re a senior who has suffered financial abuse by your broker’s conduct in your account.
The broker’s actions may constitute financial elder abuse entitling you to extra damages and reimbursement of your attorneys’ fees and costs for bringing your action. Our lawyers fight for seniors every day in California courts when they have been financially exploited by brokers, insurance agents, retirement planners, financial advisors, and others. Our attorneys know the standard of care advisors and brokers owe you under federal and California law and will fight for you.
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 San Francisco and California securities fraud and elder abuse attorneys at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:firstname.lastname@example.org”>email@example.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.
 Evans Law Firm, Inc. was not involved in either case.