Category: Financial Exploitation

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Whistleblower Program Futures and derivatives trading played a major part in this country’s financial crisis of 2008. Some of that trading was based on misrepresentations and fraud.  The Commodity Futures Trading Commission (CFTC) oversees futures, options, currency and derivatives trading in the United States […]

ATTORNEY NEWSLETTER Illegal Churning of Accounts Securities Fraud and Financial Elder Abuse A recent Southern California case of stockbroker churning reveals the seriousness of allegations of broker misconduct, especially when the misconduct targets seniors. Churning means excessive trading by a broker in a client’s account largely to generate commissions. Stock […]

ATTORNEY NEWSLETTER: What Is Financial Elder Abuse? Financial elder abuse, along with physical elder abuse and psychological elder abuse, is one of the three major forms of elder abuse that poses a threat to the safety and wellbeing of older adults. Generally, it occurs when one person takes advantage of […]

ATTORNEY NEWSLETTER California Excessive Interest Rate (Usury) Laws  Protection With Exceptions Usury is the charging of interest rates in excess of what the law allows. Laws setting maximum interest rates have been around a very long time in California and are very complex. There are different maximum interest rates for […]

ATTORNEY NEWSLETTER Detecting Elder Abuse What To Look For America’s baby boomers are now senior citizens, headed to that seventh stage of life that may bring “second childishness and mere oblivion” as Shakespeare wrote. The sad reality is that there are people ready to prey upon seniors entering that final […]

ATTORNEY NEWSLETTER Fixed Index Annuities: The Biggest Sham of All Fixed Index Annuities Insurance carriers like to offer products such as fixed index annuities. However, these annuities are not always the proper decision for all potential buyers. If you or someone you know has been a victim of fixed index […]

ATTORNEY NEWSLETTER What Duty Does An Agent Owe You? Putting You First We at Evans Law Firm have for years litigated the question of an insurance agent’s duty to his clients, particularly when it comes to life insurance and/or annuities. We have written on the subject in this column. As […]

ATTORNEY NEWSLETTER FINRA Cracking Down on Bad Brokers Cracking Down on Exploitation The financial industry continues housecleaning with a tough new approach toward brokers with a record of customer disputes. The financial industry largely polices itself through the Financial Industry Regulatory Authority (FINRA). Last week, FINRA announced plans to crack […]

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 […]