Elder Financial Abuse

When Banks Fail To Protect Older Seniors From Elder Financial Abuse

Published on: January 6, 2026 | by Shepherd Smith Edwards & Kantas, LLP

When Banks Fail To Protect Older Seniors From Elder Financial Abuse

86-Year-Old Grandmother Sues Merrill Lynch, UBS, and TD Bank Over Loss of $700 in Life Savings in Fraud Scam

Shepherd Smith Edwards and Kantas Elder Financial Exploitation attorneys (investorlawyers.com) represent seniors who have suffered losses because of elder financial abuse. Banks, brokerage firms, and investment advisers are supposed to protect investors from becoming the victims of fraud. It is no secret that elderly seniors, especially those with cognitive impairments, can be especially vulnerable to scammers. Elder financial abuse reportedly costs older Americans about $28B a year.

Did You Lose Your Life Savings While Investing Through A Stockbroker?

Published on: December 11, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Our Skilled Retirement Fund Fraud Attorneys Want To Talk To You

Shepherd Smith Edwards and Kantas (investorlawyers.com) represents young retirees, senior investors, still working professionals that are saving for their future, family trusts, and others that lost their life savings due to the poor investment advice or mismanagement of their financial advisor. Unfortunately, broker misconduct and negligence can lead to life altering and devastating for investors. Our skilled retirement loss law firm can help you determine whether you have grounds for suing your broker-dealer and their registered representative for damages.

With over a century’s worth of collective experience in securities law and the securities industry, our seasoned investment recovery lawyers have represented thousands of Clients regarding more than 1000 matters, including the most complex kinds of claims against the largest brokerage firms in the United States. We know how hard you’ve worked to save for you and your family. Over the decades, we’ve made it a mission to provide investors with quality securities representation and personalized attention in arbitration, mediation, and litigation.

Holding Firms Accountable: Suing Broker-Dealers with Elder Financial Abuse Attorneys

Published on: December 1, 2025 | by Shepherd Smith Edwards & Kantas, LLP

What Should I Do If My Parent Becomes The Victim of Elder Financial Abuse By Their Broker? Shepherd Smith Edwards and Kantas Elder Financial Abuse Lawyers Can Help You Determine Your Next Steps

If your mother, father, or another elderly person you care for has sustained serious losses to their retirement money due to elder financial exploitation by a broker or investment adviser, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today.

Many people think of senior financial abuse as a crime committed by ill-meaning family, friends, caregivers, acquaintances, or scammers. What a lot of people don’t realize is that it can also be carried out by financial professionals.

Elder Fraud Abuse Attorneys

Published on: June 24, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Ex-Mutual Securities Broker Julie Darrah Is Sentenced Following $2.25M Investment Fraud. Senior Financial Exploitation is Elder Abuse and our Elder Fraud Abuse Attorneys Can Help.

Shepherd Smith Edwards and Kantas Elder Fraud Abuse Attorneys (investorlawyers.com) are speaking to customers of former Mutual Securities stockbroker and fired Wealth Enhancement Group investment adviser Julie Darrah.

She was recently sentenced to 121 months in prison for wire fraud. This comes after a multi-year probe into allegations that she defrauded investors, including at least nine elderly clients.

Elder Financial Abuse Law Firm

Published on: May 8, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Former Edward Jones Broker John Winslow? Barred Financial Advisor Is Accused of Elder Financial Abuse

The Shepherd Smith Edwards and Kantas Elder Financial Abuse Law Firm (investorlawyers.com) is investigating claims of losses involving former customers of barred former Edward Jones stockbroker John Winslow. The ex-Washington State financial advisor is indicted on 14 criminal charges, including wire fraud, after he allegedly misappropriated more than $920K from an elderly widow.

The Department of Justice contends that the barred broker exploited his relationship with this client to commit an allegedly complex scam that redirected money from her accounts at the broker-dealer to him. Prosecutors say that Winslow promised her greater returns.

Elder Financial Abuse Lawyers

Published on: April 2, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Did You Suffer Investment Losses While Working With Former Morgan Stanley Broker Ronald Diaz? Our Elder Financial Abuse Lawyers Represent Seniors and Their Families

Shepherd Smith Edwards and Kantas Elder Financial Abuse Lawyers (investorlawyers.com) is investigating claims of portfolio losses involving former customers of ex-Morgan Stanley broker Ronald Diaz. The Financial Industry Regulatory Authority (FINRA) permanently barred him in 2023 and he was fired by the brokerage firm in 2022 following allegations that he defrauded a customer.

Now, the ex-Florida financial advisor is sentenced to 22 months in prison after he pleaded guilty to wire fraud. Diaz defrauded one of his elderly clients by misrepresenting an investment in an annuity that supposedly guaranteed a 10% return. According to the US Attorney’s Office for the District of Arizona, he told the customer to move $970K to Diaz’s family members, who then transferred most of the money back to the financial advisor.

Elder Financial Exploitation Lawyers

Published on: March 3, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Morgan Stanley Ordered To Pay Elderly Investor $843K. FINRA Arbitration Panel Says Broker-Dealer Neglected To Protect Senior Scam Victim

A Financial Industry Regulatory Authority (FINRA) arbitration panel recently ordered Morgan Stanley to pay an elderly Florida widow $843,000 in compensatory damages after she fell victim to financial scammers. According to the ruling, the broker-dealer was negligent and should be held liable.

The claimant accused Morgan Stanley of breach of fiduciary duty, breach of contract, and breach of care owed to a senior investor when it allegedly did not protect her from fraudsters. This 75-year-old sustained nearly $1.75M in losses from what her broker negligence lawsuit contends was a “clear breach” of securities industry standards meant to protect older investors.

Senior Financial Exploitation Loss Attorneys

Published on: January 6, 2025 | by Shepherd Smith Edwards & Kantas, LLP

FINRA Arbitration Panel Orders Wells Fargo Advisors To Pay $3.4M To Investor

Broker-Dealer Accused of Negligence That Allegedly Enabled Elder Financial Exploitation

A three-person FINRA Dispute Resolution Services panel awarded one investor $3.4M in damages and costs over losses his now-deceased mother sustained while working with Wells Fargo Advisors and its financial advisor Stephen Lyndell Smith. The claimant, who filed his broker fraud lawsuit in 2023, alleged negligence, breach of contract, breach of fiduciary duty over the broker-dealer’s purported “inaction” to stop unauthorized trades in the account of an older investor in declining health, and more.

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.