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 for fraud because they are may be lonely, more willing to listen (with more time to do so), and more trusting than younger individuals. Whatever the explanation, seniors are defrauded of an estimated $36 billion annually, partly through investment fraud. Any fraud perpetrated on a senior in California violates both securities laws and California’s elder abuse laws.
The California financial elder abuse and securities fraud attorneys at Evans Law Firm, Inc. represent seniors who lose money due to financial elder abuse and securities fraud whether it’s an agent or broker selling inappropriate annuities, life insurance or investment products, making unauthorized trades, pushing a Ponzi scheme, misrepresenting an investment opportunity, or perpetrating any other type of securities fraud here in California. If you or a loved one has been the victim of securities fraud or financial elder abuse in California, call our elder abuse and securities fraud lawyers today at (415)441-8669. If you’ve been wronged, we will pursue all remedies available to seniors in California including restitution (getting your money back), rescission (undoing an invalid contract), extra damages, and recovery of attorneys’ fees and costs in bringing a financial elder abuse action.
In the meantime, our attorneys recommend you take some important, simple steps to protect yourself from investment fraud. Always check a broker’s background at investor.gov and https://brokercheck.finra.org/. Also, use our State’s other resources to fight investment fraud. The California Department of Business Oversight (DBO) regulates the securities industry in California and recognizes how vulnerable seniors are to securities fraud in the sales of securities. See the DBO’s “Protect Yourself from Fraud” published for all California consumers, including seniors, at: http://www.dbo.ca.gov/Consumers/brochures/default.asp. The DBO’s Seniors Against Investment Fraud (SAIF) Program also alerts and educates California seniors about investment fraud, unscrupulous sales practices, and how to avoid being scammed. You can learn more about SAIF and the seminars it offers at http://www.dbo.ca.gov/Consumers/education_outreach/saif/default.asp.
If you have been defrauded by a broker or advisor through securities fraud or financial elder abuse, call Ingrid M. Evans and the other San Francisco and California securities fraud and financial elder abuse attorneys at Evans Law Firm, Inc. at (415) 441-8669, or by email at <a href=”mailto:email@example.com”>firstname.lastname@example.org</a>. Our attorneys have experience with securities, annuity, and other investment fraud, 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 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.