Category: financial elder abuse

ATTORNEY NEWSLETTER FINRA Senior Hotline Calls Lead to Help There are lots of unsavory people out there preying on senior citizens. Too often, the swindlers are financial advisors, insurance agents or brokers and bankers. People you should be able to trust. The reality is far different. Each year advisors, brokers […]

ATTORNEY NEWSLETTER The Terrible Truth of Financial Elder Abuse Financial Elder Abuse Vulnerable populations are often the easiest to take advantage of, and elders are no exception. Financial elder abuse is a crime on the rise, and it costs elders, families, caretakers, and even the government a great deal of […]

ATTORNEY NEWSLETTER The Terrible Truth of Annuities Annuities A lot of people are talked into annuities as a way to save for retirement. Please think twice (or three times) before you are sold an annuity. As more and more people, seniors particularly, end up with annuities, it becomes clear that […]

ATTORNEY NEWSLETTER FINRA Announces Tough New Sanctions Cracking Down on Exploitation The financial industry is taking a long, hard look at the way its own people approach the consumer. Especially, the vulnerable consumer, who is most susceptible to exploitative practices and, in the case of seniors, financial elder abuse. The […]

ATTORNEY NEWSLETTER Financial Exploitation of Elders: A Crime on the Rise Financial Elder Abuse The elderly population in America is steadily growing, as our baby boomers become senior citizens. In fact, about 10,000 individuals turn 65 every single day, which is making “elderly” a very steadily-increasing sector of our population. […]

ATTORNEY NEWSLETTER Financial Elder Abuse: A Widespread Fraud National Awareness And The Case Of Brooke Astor Ten years ago, the grandson of wealthy philanthropist Brooke Astor found his grandmother living in squalor, isolated from her friends, malnourished, neglected, and low on money and help. She was 100 years old, suffering […]

ATTORNEY NEWSLETTER FINRA Puts the Onus on Financial Advisors to Fight Elder Abuse Financial Elder Abuse Financial elder abuse is a crime that does not seem to be slowing down, and it is causing intense financial burden on those individuals affected. Regulatory agencies such as the Financial Industry Regulatory Authority […]

ATTORNEY NEWSLETTER Annuity Fraud: A Widespread Problem Beware of Annuity Fraud Scams Annuity agents target seniors. It’s a simple fact. Another simple fact: many annuity agents cannot be trusted. A recent case provides a clear example. There, over years of operation, two fraudulent agents bilked seniors out of $11 million […]

ATTORNEY NEWSLETTER Universal Life Insurance Premiums Increase Dramatically Universal Life Insurance (IUL) Universal life insurance premiums are on the dramatic rise, and it forces individuals to decide whether to keep the insurance in effect. If you have had a recent premium increase on a universal life insurance policy and want […]

Surrender Charges: The Unlikely and Often Unnoticed Aspect of Annuities Annuities Annuities are being sold in unbelievable numbers these days, as insurance companies and agents convince individuals it makes sense to put their money in some sort of insurance “investment.” Yet, annuities contain many severe disadvantages to the consumer, such […]