Monthly Archives: February 2023

ATTORNEY NEWSLETTER 30 Enforcement Actions Brought In 2022 SEC Sharpens Focus On Sales Of Unregistered Offerings Actions For Insider Trading And Market Manipulation The U.S. Securities and Exchange Commission (SEC) recently released a report entitled “SEC Cryptocurrency Enforcement: 2022 Update” that outlines the increased focus by the SEC on insider […]

ATTORNEY NEWSLETTER Claims Of Attorney-in-Fact Misuse Of POA $891,000 In Damages Sought  Recovering Stolen Home Financial powers of attorney (POAs) are significant legal instruments which grant appointed agents full legal authority to act for the principal who executes the POA.  The person appointed under the POA is called the Principal’s […]

ATTORNEY NEWSLETTER Investment Firm Penalized $500,000 By SEC Accused Of Lack Of Supervision And Compliance Failures Ex-Broker Stole From 98 And 86-Year-Old Clients Investment firms have a responsibility for supervising brokers and advisors for securities law compliance and also for potential financial elder abuse of older clients.  A recent fine […]

ATTORNEY NEWSLETTER Four Years Of Dependent Financial Abuse Alleged Allegations Of Insurance Fraud Prison Sentence And Restitution All seniors are potential victims to financial predators, including bookkeepers, insurance agents and other salespeople, bankers, trustees, conservators, financial advisors, brokers, caregivers, contractors, second spouses, stepchildren, girlfriends or boyfriends and anyone who holds […]

ATTORNEY NEWSLETTER Penalties On Withdrawals And Contract Fees Complex Interest Crediting Rules Risks Of Loss Deferred annuities are contracts where the policy holder makes an upfront premium payment in exchange from an income stream in years to come.  The principal sounds simple enough but in fact deferred annuities, like fixed […]

ATTORNEY NEWSLETTER Powers Of Attorney Are Important Legal Instruments Possibility Of Abuse Always Present How Powers Of Attorney Can Be Misused Powers of Attorney (POAs) are important and powerful legal documents that grant the agent appointed under the POA full legal authority to act for the principal who executes the […]

ATTORNEY NEWSLETTER Assisted Care Facility Residents Victimized Suspicious Charges Discovered By Family Of One Victim Close To $16,000 In Unauthorized Charges Unauthorized debit and credit card charges are a common form of financial elder abuse.  Dishonest caregivers can strike quickly when they get their hands on a card and run […]

ATTORNEY NEWSLETTER 89-year-Old Victim Man Used Forged Power Of Attorney To Sell Victim’s Home Claimed To Be Victim’s Nephew Powers of Attorney (POAs) are incredibly important – and powerful – legal instruments.  Sometimes, they are essential when the principal needs their appointed agent to take care of a business matter […]

ATTORNEY NEWSLETTER 19 Unauthorized Uses Of Debit Card On A Single Day Son Alerts Home Care Agency Of Suspicious Transactions Civil Remedies Available To Victims And Families As a recent case discussed below illustrates, the unauthorized use of credit or debit cards of elderly persons is a common form of […]

ATTORNEY NEWSLETTER Penalties For Accessing Funds Loss Of Control Of Investment Sales Commissions And Contract Fees Evans Law Firm, Inc. generally recommends against deferred annuities for older consumers because they are expensive and complicated and because these contracts tie up a senior’s money for years. Popular talk show advisor Suze […]