Dallas Elder Financial Abuse Lawyers
Representing Older Texas Investors and Their Families In Recouping Their Portfolio Losses
Headquartered in Texas, Shepherd Smith Edwards and Kantas (investorlawyers.com) work with older investors and their loved ones in suing the financial advisors and their firms that committed elder financial abuse against them. Contact our Dallas, TX securities law firm today to explore your legal options.
What Is Elder Financial Abuse?
According to the Centers for Disease Control and Prevention, elder abuse may be physical or emotional. It also can include neglect, willful deprivation, or financial exploitation. Elder financial abuse may involve misappropriation, misuse, control, or theft.
While older people can be vulnerable to elder financial abuse by people they don’t know, more often than not the perpetrator is someone they do know, such as a family member, loved one, friend, caregiver, or a financial professional.
Our skilled Dallas, Texas elder financial exploitation attorneys have been fighting for older investors and their families for over 30 years. Many of our clients are seniors and retirees who have suffered losses because of unsuitable investment recommendations, misrepresentations and omissions of the risks, account concentration, negligence, fraud, gross negligence, and much more.
Unfortunately, there are brokers and investment advisers out there who will purposely try to steal an older investor’s life savings. Unscrupulous financial advisors may even take advantage of a client’s disabilities or cognitive issues to gain control of and/or misappropriate their money.
If You Are Older Investor and Suffered Portfolio Losses, Possible Signs You May Be A Victim of Elder Financial Abuse By Your Broker:
- Your financial advisor is running some kind of investment fraud, such as an affinity scam or a Ponzi fraud.
- The broker has been charged in criminal court with stealing money from customers.
- The stockbroker is unregistered in the industry (or was previously barred), yet they were the one to reach out to you about working together and managing your money.
- You were told the investment carried no risk of loss and promised that returns were guaranteed. There is always a risk of loss and returns are never guaranteed.
- The financial advisor obtained power of attorney and/or is now in control of the older investor’s accounts and/or finances.
- The registered representative is making unauthorized trades or withdrawals from the elder investor’s account; the broker may even be depositing the funds in their own personal accounts or making investments not approved by their firm.
- The broker refuses to answer questions or concerns you may have about activities in your account; they may have become unreachable.
- You’ve discovered that your elderly family member, who suffers from dementia or other cognitive issues, is making agreements with their financial advisor that they cannot understand.
- Account statements are non-existent or bogus.
Why Hire Our Dallas Elder Financial Abuse Lawyers
Proving elder financial abuse, let alone by a broker-dealer or investment adviser, can be tough. It is why it is so important that you retain the legal services of a seasoned securities law firm that knows how to identify the signs and has the skills, experience, and resources to fight for your financial recovery.
Our team of savvy Texas elder financial abuse attorneys, legal assistants, consultants, and others have over a century’s worth of combined experience in securities law and the securities industry. We have represented clients in more than 1000 matters and secured a collective many millions of dollars for those we have helped.
We have worked with many older investors and their families in recouping their investment losses. Our Dallas securities firm understands how heartbreaking it can be to see a beloved loved one fall victim to an evil scam or a bad/careless broker. We are very aware of the consequences that losing one’s savings can create, especially at the later stages of life.
Our Dallas, TX senior financial abuse attorneys are committed to providing customized securities representation that meets the unique needs of each client and their case. When you retain us, you are hiring not just one of our lawyers; you will be availing of the knowledge and attention of everyone at our firm.
Contact Our Dallas Elder Financial Abuse Lawyers To Schedule Your Free, Initial Case Consultation:
Call (214) 613-5306 or (800) 259-9010 or fill out this online form.
Our Dallas Elder Financial Abuse Lawyers:
900 Jackson St #440-A
Dallas, TX 75202