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As a retiree or a senior investor living in the San Francisco Bay Area, there are red flags to look out for that may indicate that you’ve become the victim of senior investor fraud.
Unfortunately, older investors remain a favorite target of fraudsters eager to take advantage of an elderly customer’s inexperience or health issues while availing themselves of the latter’s retirement funds and other savings.
At Shepherd Smith Edwards and Kantas (SSEK Law Firm), our San Francisco securities fraud lawyers work with older investors and their families throughout the Bay Area to help them recover such losses from the brokerage firms that allowed the fraud or negligence to occur and/or their brokers that committed these fraudulent acts. Contact SSEK Law Firm today at (415) 287-0877.
Below is a list of the most common warning signs that elderly investors should look out for when dealing with a financial advisor or brokerage firm. Many investors in the San Francisco Bay Area suffer investment losses due to fraudulent activity being carried out in their accounts and portfolios.
Sometimes, it’s the broker or investment adviser who seeks to exploit an older investor’s inexperience, isolation, or in some cases, cognitive or physical impairments while defrauding them of their retirement savings. In other instances, it’s a relative, caregiver, or friend who has been entrusted with handling the older investor’s finances that decides to take financial advantage.
Either way, if a brokerage firm failed to properly supervise their registered representative or did not investigate any questionable activities taking place in an elderly customer’s account, allowing the fraud to happen, there may be grounds for filing a securities fraud claim against the firm through Financial Industry Regulatory Authority (FINRA) arbitration.
For 30 years, our San Francisco Bay Area investment fraud attorneys have represented older investors and their families in their fight to recover their losses. We know how devastating this can be for older investors, especially during this latter phase of life.
An elderly investor fraud case is not the type of claim that you want to pursue without experienced, legal help. SSEK Law Firm has helped recover many millions of dollars for thousands of clients. We have lawyers on our team who have years of experience with elder investor fraud claims, specifically. Contact us for your free, no-obligation consultation with one of our San Francisco securities fraud lawyers.