Senior Investors May Need An Investment Attorney
When people think of
elder financial abuse, they often imagine criminals writing themselves into a will or stealing
from a grandmother’s purse. What people often overlook, however,
is elder financial abuse that comes in the form of
investment fraud or
Unfortunately, senior investors are vulnerable to fraud, and this age group
is often targeted by con artists. Whether they’re touting a “senior
specialist” designation or trying to sell you on a confusing new
investment strategy, these kinds of con artists are really only out for
Here are a few ways you can keep yourself or your elderly loved ones safe
from investment loss:
- Always do your research before investing, including checking out the promoter,
the investment, and the investment company.
- Be suspicious of any high-return with low-risk or “too good to be
true” investments. Remember that all investments come with some
element of risk, and that risk should be proportionate to the returns.
- If you feel harassed or pressured to invest, it’s a huge red flag
for investment fraud—no legitimate professional should ever try
to pressure you into a deal.
Always monitor your
account statements, and check for any strange activity, errors, or unexpected performance.
If you are a senior investor and worried about falling prey to an investment
scam, please see our article, “Nine Signs That You’re Vulnerable
to Senior Investment Fraud.” And, if you fear that you have already
become a victim, please schedule a free and confidential consultation
with an experienced
investment fraud lawyer today. You can reach Meyer Wilson by phone or by filling out the convenient
online contact form on this page.
To learn more about elder financial abuse, watch the video below.