Houston, TX Elder Financial Abuse Lawyers

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?

• Older investors who lack a solid support network and tend to be isolated from others.
• Seniors suffering from Alzheimer’s, dementia, or some other type of health issue that leaves them impaired in some way.
• Older investors with large nest eggs or some other type of personal wealth, including those without a lot of investing experience.
• Elderly people who would be too proud or embarrassed to report becoming the victim of financial exploitation.
• Those whose financial-making abilities have decreased with age.

What Are Some of the Signs That You or Your Loved One in Texas May Be The Victim of Elder Financial Exploitation By A Financial Advisor?

• The broker or investment adviser refuses to explain certain confounding activities going on in your account, such as too many trades or unexplained withdrawals that you never authorized.
• Your financial advisor is borrowing money from you.
• The stockbroker is asking you to write checks to them and deposit the funds in their personal account.
• Your investment adviser refuses to return your calls or emails.
• Your financial advisor has arranged it so you have given them power of attorney over your finances.
• You find out that your broker may be running some kind of financial scam, such as a Ponzi scheme or an affinity fraud.
• Your broker stole money from your account.

Other types of stockbroker misconduct that might fall under the umbrella of Houston elder financial abuse, depending on the age of the victim and the circumstances surrounding their investment losses, might include unsuitable investment recommendations, misrepresentations, and omissions, selling away, concentration, negligence, gross negligence, and more.

Unfortunately, financial advisor abuse targeting older victims, like other types of broker fraud, can be difficult to pinpoint let alone prove. This is why you need seasoned Houston elder financial abuse attorneys fighting for you. At Shepherd Smith Edwards and Kantas, we have been zealously representing seniors and their families for over 30 years. We understand the life-altering ramifications that can result from losing your money, especially later in life. We are also familiar with the ways in which bad brokers will try to take advantage of an older investor, especially one who is cognitively impaired.

That said, there are also those financial advisors who never sought out to defraud their elderly clients. And yet, their poor recommendations or careless conduct, including due diligence failures, ended up exposing these investors to financial scams or too-risky investments that still caused them to suffer serious portfolio losses. They too should be held liable.

What Makes Our Houston, TX Elder Financial Exploitation Attorneys Stand Out? 

Many of us used to work as stockbrokers but we left as soon as we realized there were many unsavory practices taking place meant to enrich financial professionals without regard to investors’ best interests. It is why I chose to go to law school and become Houston, TX Elder Financial Abuse Lawyers who are equipped to protect investors’ best interests and fight for their financial recovery.

Whether it is you or your elderly loved one who has become the victim of senior financial abuse by a broker or investment adviser, should we agree to work together, you won’t just have one of our lawyers working on your case, you will have our entire firm of trusted Texas senior investor fraud lawyers, legal assistants, consultants, and others on your side.

How To Contact Our Houston, TX Elder Financial Abuse Lawyers To Request Your Free, No Obligation Case Assessment:

Call (936) 251-0033 or (800) 259-9010 or fill out our online form.

Our Houston Elder Financial Abuse Law Office:

1010 Lamar St #900
Houston, TX 77002

**It is important to note that becoming the victim of elder financial abuse is never your fault. However, there are preemptive measures that you can take, including setting up an estate plan. Through our partnership with McCulloch & Miller, we are able to offer estate planning, trust services, and elder law counsel.