Articles Posted in News

Advisors and other trusted professionals have an ethical duty to stop senior financial fraud Elder financial fraud is an increasingly serious issue in the U.S. As more Americans become seniors – at the rate of about 10,000 a day – new victims across the country are feeling the consequences. This…

Research suggests nearly 40% of American seniors may experience financial abuse Across the U.S., millions of seniors each year become the victims of fraudulent financial and investment scams. In fact, one recent survey reported that 37% of senior caregivers said their client had been a victim of financial fraud or…

Learn how the organization protects you as an investor If you have been investing for a while or you follow news about the securities industry, you have probably heard about the Financial Industry Regulatory Authority, also known as FINRA. Though not a part of the government, FINRA is given authority…

The SEC guide offers a variety of suggestions to help senior citizens protect their assets from fraud An estimated 7.3 million American seniors have been victimized by financial or investment fraud, and most experts believe that elder financial fraud is becoming more of an issue as the population ages. Each…

Yes and no. One survey states the proportion of elder financial fraud victims is down, but thieves are choosing more lucrative targets According to estimates, billions of dollars are stolen from elderly people every year. Whether by financial professionals, caregivers, or even family members, financial elder fraud has been rampant…

A report from the Florida Bar Journal cites studies indicating elder financial abuse is a growing trend The number of elderly Americans is growing like never before. Census projections indicate that Americans 65+ will make up more than one-fifth of the U.S. population within 30 years, but despite the increasing…

Raising awareness about the exploitation of seniors and vulnerable adults. It’s an unfortunate fact: senior citizens are common targets for individuals seeking to take advantage of them, especially when it comes to money. As the exploitation of senior citizens and vulnerable adults continues to rise, the New York State Office…

When you give someone money to invest for you, you expect that they will do what is best for you and your situation. You’re counting on their financial knowledge and experience and that they will make the right decisions. In addition to your hard-earned money, you are giving them your…

Unfortunately, some brokers and financial advisors devise ways to charge additional commissions, take unnecessary investment risks, or even defraud their clients. And one of the most egregious varieties of fraud or other improper financial activity involves taking advantage of older individuals, some of whom are not privy to information that…

Chicago investment advisor Daniel H. Glick. accused of stealing millions from elderly clients In late March, the SEC won a temporary restraining order and asset freeze against Chicago, Illinois broker Daniel H. Glick. Glick – along with his firm, Financial Management Strategies Inc. – was accused of taking money from…