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 put their own interests first, not those of their clients. The Obama-era fiduciary rule protected consumers from such conflicts of interest, but the current Administration intends to eliminate the rule. Destruction of the fiduciary rule hits American seniors hardest. It’s a double-cross by a President who won the elderly vote.
The financial elder abuse attorneys at Evans Law Firm, Inc. deplore the Administration’s move. Our California lawyers represent elderly clients who have suffered losses when brokers put their own interest (in getting a commission) ahead of recommending what’s best for the customer. Consumers, especially seniors, need more protection from greedy advisors, not less. Our litigators fight for consumers exploited by greedy advisors. If you or a loved one has been sold an inappropriate or unsuitable annuity or other financial product or are a victim of other securities fraud or financial elder abuse, contact the San Francisco and California securities and financial elder abuse attorneys at (415) 441-8669 and we can help.
Our Lawyers Will Fight For You in Court
More and more American seniors will need to resort to the courts for protection. There’ll be no help from Washington. Not surprisingly, the financial industry applauds recent moves against consumers. Insurance carriers in particular often ignore conflicts of interest between their sales force and consumers. As one example, our firm represents Antoinette Zirkle, an aggrieved 61-year-old consumer, against a large insurance company and its agents where the company refused, among other things, to disclose to the consumer any commissions its agents earned on an annuity they sold her. We find the company’s response unconscionable. Mrs. Zirkle’s plight has been covered by the press and you can read the most recent article here: https://www.politico.com/story/2018/08/07/trump-leaves-elderly-savers-vulnerable-by-dooming-broker-conflict-rule-765905.
The San Francisco and California securities fraud and financial elder abuse attorneys at Evans Law Firm, Inc. believe agents and advisors should be held to the highest legal and ethical standards in their dealings with seniors. If you or a loved one is a senior in California who has suffered a loss because of financial advisor or agent/broker misconduct, contact us today. Be assured we will work to hold your advisor to the highest standard of conduct towards you that the laws provide.
If you or a loved one has been a victim of a breach of fiduciary duty, annuity or securities fraud or financial elder abuse in San Francisco or anywhere in California, contact California securities fraud and financial elder abuse attorney Ingrid M. Evans and the other Evans Law Firm securities and financial elder abuse attorneys at (415) 441-8669, or by email at <a href=”mailto:firstname.lastname@example.org”>email@example.com</a>. Our attorneys have experience with complex securities cases, arbitrations, and mediations; and complicated financial contracts and large insurance companies. We can help guide your case through a jury trial or FINRA Arbitration if required, and toward an equitable settlement. We also handle cases involving physical and financial elder abuse, other types of qui tam and whistleblower cases, nursing home abuse, whole life insurance and universal life insurance, and indexed, variable, and fixed annuities.