San Francisco Elder Financial Abuse Attorneys. Representing Older SF Bay Area Investors Against Broker-Dealers and Investment Advisers
For more than 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) have been representing elderly investors who have been the victims of financial abuse by stockbrokers and investment advisers. From our San Francisco securities law office, we work with clients and their families throughout the Bay Area and the rest of Northern and Central California in recouping the damages they are owed.
Elder financial abuse is a serious crime that can rob older people not just of their money but of their ability to support themselves and take care of their medical and other needs at this late stage in life. It is most commonly perpetrated by someone the victim knows, including loved ones, friends, and caretakers.
However, there are also incidents of senior financial exploitation that are committed by unscrupulous brokers and other registered representatives seeking to take advantage of and steal an older investor’s savings or retirement money. Not only that, but many victims of San Francisco Bay Area elder financial abuse may be suffering from Alzheimer’s, dementia, or some other type of illness or incapacitation that makes them “easy” targets in the eyes of bad brokers.
If you suspect that your financial advisor has defrauded you or an elderly loved one, you should notify the authorities right away. You should also contact our SF senior financial exploitation law firm so that we can help you determine whether you have grounds for suing the broker and/or their firm for damages. This would be a free, no-obligation, initial case consultation.
This is not the type of legal claim that you or your family wants to pursue without seasoned California securities lawyers by your side. Most financial advisors and their firms will not readily admit to wrongdoing or negligence. They would rather deny or stonewall your efforts or even place the blame on you. They have their own team of lawyers in place to fight such claims.
If San Francisco elder financial abuse by a broker has happened to you or someone you love, know that neither of you are to blame.
Some Signs Of Possible Senior Investor Financial Exploitation:
- The broker took money out of the older investor’s account and placed the funds in their own account.
- The financial advisor obtained power of attorney over the senior client’s finances.
- The registered representative has become unreachable or refuses to explain why there are serious losses in the elderly investor’s portfolio.
- The stockbroker is running a Ponzi scam or some other type of investment scheme.
- Account statements show bogus returns or unusually high fees.
- This broker made unauthorized trades or excessive trades in the investor’s account.
- The financial advisor pressured the older investor to make investment choices they were uncomfortable with or they intentionally withheld material information about risky, illiquid financial products that they sold them.
Many older investors may also suffer losses due to broker misconduct that did not necessarily involve any purposeful intent to misappropriate money or cause financial harm to these clients. This does not matter. You or your loved one still may be able to file a lawsuit seeking damages for investment losses caused by unsuitable investment recommendations, overconcentration, excessive trading, or other kinds of broker negligence.
Even if the broker-dealer was unaware that San Francisco elder financial abuse was being committed by one of their registered representatives, if broker fraud happened and the firm failed to properly supervise the account, you may be able to hold them liable.
Why Hire Our San Francisco Elder Financial Abuse By A Broker Law Firm?
We have fought for thousands of seniors, elderly investors, and retirees. Shepherd Smith Edwards and Kantas have the knowledge, skills, and resources to go after even the largest brokerage firms in the US. We have collectively recovered many millions of dollars in awards and settlements for our clients.
Many of us are former financial advisors who left that industry because of the unsavory practices we witnessed. We now harness that knowledge to fight for our clients and their families. We genuinely care about the investors we work with.
How To Contact Our San Francisco Elder Financial Abuse Attorneys:
Call (415) 287-0877 or (800) 259-9010 or complete this online form.
Our San Francisco Elder Financial Abuse Attorneys Office:
1 Embarcadero Ctr #500
San Francisco, CA 94111
**For your estate planning and elder law needs, contact our partner firm McCulloch & Miller today.