ATTORNEY NEWSLETTER California stockbroker fraud attorneys want the public to be aware of potential stock tip scams. In one common “stock tip” scheme, people receive a call from a stranger. The message sounds like the caller has accidentally reached the wrong machine, and is leaving a hot investment tip for […]

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority and the Securities and Exchange Commission recently published a report regarding senior investors. The report sets forth new recommendations for firms that prepare and institute new policies for seniors. FINRA and the SEC “are concerned that some broker-dealers may be recommending riskier and […]

ATTORNEY NEWSLETTER The State of California recently modified the former definition of “undue influence” in the Welfare and Institutions Code. Before 2014, in order to prove undue influence, a special relationship between the victim and the perpetrator had to be demonstrated. Now, the evidence that someone’s free will has been […]

ATTORNEY NEWSLETTER California elder abuse attorneys warn that senior citizens are often the target of scammers, and urge senior citizens to be cautious. Senior citizens are often targets, as they are viewed as trusting and may be isolated from other people. Common scams include: -IRS phone call- This is most […]

ATTORNEY NEWSLETTER A growing number of states are requiring financial planners to report elder abuse, say California financial elder abuse attorneys. Eleven states now have statutes with mandatory reporting requirements for elder abuse for financial planners, and another six states have statutes requiring anyone who has any level of suspicion […]

ATTORNEY NEWSLETTER A conservatorship can be established for someone who can no longer adequately take care of his or her personal care or finances. A judge can appoint a conservator, which is either a person or an organization who will take care of another person’s personal needs, finances, or both. […]

ATTORNEY NEWSLETTER Arbitration is the most widely used form of conflict resolution in the securities industry, and the Financial Industry Regulatory Authority (FINRA) operates the largest dispute resolution forum in the industry. The customer is nearly always bound by a customer agreement to resolve disputes through arbitration. San Francisco securities […]

ATTORNEY NEWSLETTER About one quarter of elderly Americans rely on their children or other family members to help make decisions about their finances. California financial elder abuse attorneys say that this can be quite complicated, and offer a number of tips for helping your parent or other elderly relative with […]

ATTORNEY NEWSLETTER San Mateo County financial elder abuse attorneys say that bank employees can play a significant role in preventing financial elder abuse. Bank workers can often be the first, and possibly only, people in an elderly person’s life who is in a position to detect financial exploitation. Financial exploitation […]

ATTORNEY NEWSLETTER The Financial Industry Regulatory Authority (FINRA) has launched a toll-free line to support senior citizens and advise them on financial matters. The FINRA Securities Helpline for Seniors is designed to help older investors get neutral, informed advice regarding their brokerage accounts and investments, and avoid seniors from becoming […]