Articles Tagged with elder financial abuse

Ex-LPL Financial Broker Bradley Goodbred Is In Trouble For Alleged $1.3M Elder Financial Abuse

How Senior Investors Can Pursue Damages Over Their Investment Losses

The US Securities and Exchange Commission (SEC) recently filed charges against former LPL Financial broker Bradley Allen Goodbred. The ex-Chicago financial advisor, who was barred from the Financial Industry Regulatory Authority (FINRA) in 2021 for not cooperating in the self-regulatory organization’s (SR0’s) probe, is accused of stealing $1.3M from an older client with dementia.

Raymond James Pays $500K After Broker is Accused of Elder Financial Abuse 

Broker-Dealer Allegedly Failed To Supervise Ex-Stockbroker Frederick Stow Who Stole Older Investors’ Money

Unfortunately, elder financial abuse continues to be a huge problem. In many instances, the perpetrators have been financial professionals, including those who are registered brokers at well-known brokerage firms. If you (or someone you love) are a senior investor who has suffered losses that you suspect may be caused by broker misconduct or negligence, it is important that you explore your legal options right away.

Ex-IFS Securities Broker Recommended Promissory Note to Elderly Investors

The Financial Industry Regulatory Authority (FINRA) has barred ex-IFS Securities registered representative Steven Douglas Schisler beginning January 31, 2022. Schisler, who works out of the Greater Sacramento, California area, has been a financial planner and investment advisor for over 20 years. He is also the principal of Synergy Wealth Management.

The industry bar comes in the wake of allegations that Schisler unsuitably recommended a promissory note to an older married couple. 

Unauthorized Trading and Abuse of Fiduciary Duty By Older Investor’s Grandsons 

A Financial Industry Regulatory Authority (FINRA) arbitration panel has ruled that JP Morgan Securities (JPM) and its ex-brokers, Avi Elliot Schottenstein and Evan A. Schottenstein, must pay a senior investor $19M in her investment fraud claim over losses sustained from the unauthorized trading of complex products in her brokerage account. 

The claimant is Beverley Schottenstein of Bal Harbour, Florida, of the family that owns holding company Schottenstein Stores Corp. The two former JP Morgan registered representatives are her grandsons.

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