Elder Financial Abuse

Dallas Elder Financial Abuse Lawyers

Published on: November 7, 2024 | by Shepherd Smith Edwards & Kantas, LLP

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.

Elder Financial Exploitation Law Firm

Published on: November 7, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Older California Couple Files Elder Exploitation Lawsuit Against Schwab, Bank of America, & Unchained Trading

Plaintiffs Lost Over $18.5M in Cryptocurrency Scam

Two older investors have filed an elder exploitation lawsuit accusing Bank of America, Charles Schwab, and Unchained Trading of failing to protect them from a scam that cost them more than $18.5M.

Houston, TX Elder Financial Abuse Lawyers

Published on: October 31, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Houston, TX Elder Financial Abuse Lawyers are Representing Older Investors & Their Families Against Broker-Dealers and Investment Advisers

Elder financial abuse is what happens when an older senior becomes the victim of financial exploitation. The perpetrator can be a friend, a relative, a caretaker, or even an unscrupulous financial professional. At Shepherd Smith Edwards and Kantas (investorlawyers.com), we represent Texas families in recovering their losses caused by elder financial abuse committed by a stockbroker or an investment adviser. We know suffering serious portfolio losses can be devastating and even more so if you are an older individual.

Who Is At Risk of Becoming The Victim of Elder Financial Abuse by a Stockbroker or an Investment Adviser?

Elder Financial Exploitation Loss Lawyer

Published on: September 26, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Broker-Dealer’s Negligence Enable Elder Financial Abuse?

Elderly Senior Sues Charles Schwab For Allegedly Failing To Protect Her From Scammers

A 91-year-old woman is suing Charles Schwab & Co., both the brokerage and the affiliated bank, in court. The plaintiff contends that Schwab allegedly did not protect her, a vulnerable person, from scammers who stole over $278K of her savings, including money that was supposed to pay for senior housing. She claims that the Schwab representatives neglected to follow Schwab’s own guidance regarding elder financial abuse and senior investors.

Elderly Investor Fraud Attorney

Published on: August 27, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Illinois Couple Sue Ausdal Financial Partners Over GWG L Bond And Non-Traded REIT Losses

High Commissions Paid To Brokers May Have Compelled Them to Disregard Investors’ Best Interests

Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing two investors in their broker fraud lawsuit against Ausdal Financial Partners. The claimants suffered losses in GWG L Bonds, the non-traded real estate investment trust (non-traded REIT) Moody National REIT, and business development company (BDC) Greenbacker Renewable Energy. These were alternative investments that were unsuitable for conservative investors seeking to get ready for retirement.

Elder Financial Exploitation Law Firm

Published on: August 20, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Widower Sues UBS For Alleged Elder Financial Abuse By A Broker. Senior Investor Seeks Up to $5M in Damages After Texas Financial Advisor Allegedly Stole His Money

The Shepherd Smith Edwards and Kantas Elder Financial Exploitation Law Firm (investorlawyers.com) represents a disabled retiree in his seven-figure FINRA lawsuit requesting up to $5M in damages from UBS Financial Services. The claimant, an elderly widower, contends that UBS stockbroker Tracy Marie Longstreet stole from him for years.

This senior investor entrusted the broker-dealer and its registered representatives to keep his savings safe. Instead, Longstreet appears to have “groomed” him so she could misappropriate his money. This allegedly included gaining access to all of his records and accounts and creating new accounts so she could defraud him, as well as writing herself into his will. To do the latter, Longstreet purportedly arranged it so Kelly Fedak, who is either a relative or a friend, was designated a beneficiary.

Elder Financial Abuse Lawyers

Published on: June 27, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Are You A Victim of Elder Financial Abuse? Elder Fraud Cost Victims More Than $3.4B in 2023, Reports FBI

June 15 was World Elder Abuse Awareness Day, which was established to promote a greater awareness globally about the abuse and neglect that can be suffered by older persons. Here, at Shepherd Smith Edwards and Kantas our Elder Financial Abuse Lawyers (investorlawyers.com) represent seniors who have fallen victim to elder financial abuse by a broker or investment adviser.

In a recent report by the Federal Bureau of Investigation (FBI), its Internet Crime Complaint Center stated that in 2023, total losses exceeded over $3.4B from scams reported that targeted victims older than 60. That is a nearly 11% rise from the losses reported in 2022. About $1.24B of the losses from last year were a result of investment schemes.

San Francisco Elder Financial Abuse Attorneys

Published on: June 4, 2024 | by Shepherd Smith Edwards & Kantas, LLP

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.

New York Elder Financial Abuse Lawyers

Published on: May 8, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Our New York Elder Financial Abuse Lawyers Represent Older Investors and Their Families Who Have Broker Fraud Claims

Elder financial abuse is a crime that involves a perpetrator stealing money or assets from an older person. It is often committed by someone that the victim knows, such as a relative, a close friend, a caretaker, or a trusted professional. At Shepherd Smith Edwards and Kantas (investorlawyers.com) we represent elderly New York investors and their families who have been the victims of broker misconduct or negligence. In the most egregious instances, this can involve deliberate elder financial exploitation.

Older seniors are one of the most vulnerable groups when it comes to financial abuse. By this point in life, many elderly investors will have accrued a nest egg after years of hard work. This means that they have money for bad brokers to misappropriate. Not only that, but as a person ages, they may develop memory problems or decreased mental function, including Alzheimer’s or dementia, and this can make it easier to take advantage of them.

Elder Financial Abuse Attorney

Published on: December 5, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Older Investors Remain Among The Most Vulnerable Targets of Broker Exploitation

Our Elder Financial Abuse Attorney Teams Are Investigating Claims of Losses Involving Ex-Mutual Securities Broker Julie Darrah

Financial exploitation of older people remains a huge problem, and such crimes frequently go unreported because victims are reluctant to speak out. Those who commit elder financial abuse may be friends, family, acquaintances, and even trusted stockbrokers and investment advisers who should have been looking out for their client’s best interests and not taking advantage of them.