Elder Financial Exploitation Attorney

Are You or Someone You Love A Victim of Elder Financial Exploitation By Your Broker?

Our Elder Financial Exploitation Attorney Team May Be Able To Help 

According to a 2020 AARP Public Policy Institute study, older investors lose $3B a year to elder financial fraud. The perpetrator may be a friend, loved one, acquaintance, stranger, or even a stockbroker or investment adviser.

 

 

The Elder Financial Exploitation Attorney team at Shepherd Smith Edwards and Kantas (investorlawyers.com), represents elderly investors and their families in recouping the losses they sustained because of broker fraud or negligence. We know how devastating it can be to have your savings and other investments taken from you and, should we agree to work together, we will fight for your financial recovery from the financial advisors responsible.

One former registered representative we are investigating related to investor losses is former Coastal Equities and Cetera Investment Services financial advisor Clarice Saw. In July, the US Securities and Exchange Commission (SEC) accused her of defrauding an elderly customer of $2.4M. This included allegedly liquidating the retiree’s securities holdings without consent and misappropriating the funds. The SEC contends that Saw persuaded this customer, an immigrant who shared the same ethnic background, to make her his healthcare proxy and give her his power of attorney.

What Can You Do If You or A Family Member Is A Victim of Broker Fraud?

The first step is to explore your legal options with a knowledgeable elder financial abuse law firm. Unfortunately, older investors remain a favorite target of rogue brokers seeking to take advantage of their nest eggs and any cognitive impairments or health issues. Often, shame and embarrassment can make an older investor reluctant to come forward to report what happened.

At Shepherd Smith Edwards and Kantas, our senior investor fraud attorneys have the knowledge, experience, and compassion to help you pursue damages caused by broker theft, unsuitable investment recommendations, misrepresentations, and omissions, or elder financial exploitation. Not only can we determine whether you have grounds for a broker fraud lawsuit, but also, should we agree to work together, we will thoroughly investigate what happened and build a solid investor loss claim specializing in why your broker-dealer owes you damages.

You should also know there are preemptive steps you can take to protect yourself from senior investor fraud. Working with seasoned elder fraud and estate planning law firms can be very beneficial.

An elder financial abuse broker fraud lawsuit is not the kind of securities fraud claim that you want to pursue without savvy broker fraud lawyers by your side. Shepherd Smith Edwards and Kantas have been representing older investors and their families for over 30 years.

Call (800) 259-9010 or contact us online.