{"id":4155,"date":"2017-02-06T15:06:21","date_gmt":"2017-02-06T21:06:21","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4155"},"modified":"2022-03-11T13:40:01","modified_gmt":"2022-03-11T19:40:01","slug":"connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud\/","title":{"rendered":"Connecticut Investment Bank Ordered to Pay Elderly Investors $1.25M &#038; New Study Shows Older Investors With Mild Impairment May Be Vulnerable to Fraud"},"content":{"rendered":"<p>\t\t\t\tSource Capital Group Inc. must pay three elderly investors their full investment of $810K plus $147K in interest, as well as $250K in legal fees, in a securities arbitration case accusing one of the investment bank\u2019s brokers of selling them unsuitable investments. William Lashlee and Joyce and Keith McCrea filed their elder financial fraud claim with the Financial Industry Regulatory Authority. <\/p>\n<p>According to the retirees, the broker sold them stock in a health care tech start-up in 2012. Lashlee invested $220K while the McCreas invested $590K. Unfortunately, the start-up, iPractice Group, shuttered its business in 2013. <\/p>\n<p>The claimants claim that Source Capital was negligent in supervising the broker who sold them the securities. Although the broker was assigned to the firm\u2019s Bowling Green, Kentucky branch, the manager there was purportedly never notified that this particular financial representative was under his supervision.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud\/#more-4155\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source Capital Group Inc. must pay three elderly investors their full investment of $810K plus $147K in interest, as well as $250K in legal fees, in a securities arbitration case accusing one of the investment bank\u2019s brokers of selling them unsuitable investments. William Lashlee and Joyce and Keith McCrea filed their elder financial fraud claim [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3853,3803],"tags":[2714,2715,2716],"class_list":["post-4155","post","type-post","status-publish","format-standard","hentry","category-metlife-securities","category-senior-investors","tag-center-for-retirement-research","tag-pruco-securities","tag-source-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Connecticut Investment Bank Ordered to Pay Elderly Investors $1.25M &amp; New Study Shows Older Investors With Mild Impairment May Be Vulnerable to Fraud &#8212; Investor Lawyers Blog &#8212; February 6, 2017<\/title>\n<meta name=\"description\" content=\"Source Capital Group Inc. must pay three elderly investors their full investment of $810K plus $147K in interest, as well as $250K in legal fees, in a &#8212; February 6, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Connecticut Investment Bank Ordered to Pay Elderly Investors $1.25M &amp; New Study Shows Older Investors With Mild Impairment May Be Vulnerable to Fraud &#8212; Investor Lawyers Blog &#8212; February 6, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Source Capital Group Inc. must pay three elderly investors their full investment of $810K plus $147K in interest, as well as $250K in legal fees, in a &#8212; February 6, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Connecticut Investment Bank Ordered to Pay Elderly Investors $1.25M & New Study Shows Older Investors With Mild Impairment May Be Vulnerable to Fraud &#8212; Investor Lawyers Blog &#8212; February 6, 2017","description":"Source Capital Group Inc. must pay three elderly investors their full investment of $810K plus $147K in interest, as well as $250K in legal fees, in a &#8212; February 6, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud\/","twitter_card":"summary_large_image","twitter_title":"Connecticut Investment Bank Ordered to Pay Elderly Investors $1.25M & New Study Shows Older Investors With Mild Impairment May Be Vulnerable to Fraud &#8212; Investor Lawyers Blog &#8212; February 6, 2017","twitter_description":"Source Capital Group Inc. must pay three elderly investors their full investment of $810K plus $147K in interest, as well as $250K in legal fees, in a &#8212; February 6, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/connecticut-investment-bank-ordered-pay-elderly-investors-1-25m-new-study-shows-older-investors-mild-impairment-may-vulnerable-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Connecticut Investment Bank Ordered to Pay Elderly Investors $1.25M &#038; 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