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Although there has been much research into how the brain ages, we still
don’t fully understand it. However, research suggests that, as we
age, most of us naturally begin to lose some cognitive function.
This can make it more difficult to:
These types of symptoms only worsen in cases of
Alzheimer’s disease and other types of dementia, and evidence of poor judgment and poor problem
solving are often the very first signs of a problem. Unfortunately, because
cognitive decline is so prevalent, many fraudsters choose to prey upon
elderly investors. As a financial fraud attorney who has seen many cases
of senior investment fraud, I urge you to talk openly to your elderly
loved ones about fraud.
Unfortunately, difficulty in making financial decisions coupled with an
impaired ability to recognize deception can make seniors a natural target
for investment fraud. Fraudsters also know that seniors often have access
to a sizable “nest egg” and are anxious about having enough
money to see them through after retirement. If you are concerned about
an elderly loved one’s ability to make appropriate financial decisions,
it’s important that you take action. Talk openly and gently with
your loved one and consider scheduling a doctor’s appointment for
Anyone can become the victim of investment fraud, and you shouldn’t
let embarrassment keep you from seeking help and recovering your investment
losses. If you need help after losing money to investment fraud, please
reach out to an experienced financial fraud attorney today.
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Investment Misconduct Blog
FINRA has barred former Wells Fargo broker John Schmidt after he failed to respond to its investigation regarding accusations of misappropriation, misrepresentation, and theft ...
Former Cambridge Investment Research Advisors, Inc. broker Ralph Savoie was barred in 2015 after allegedly defrauding investors in a Ponzi scheme. On March 26, 2018, he ...
Broker-dealers who inflate investment fund performance to retain business and gain new clients deny investors the opportunity to make informed investment decisions. Inflating ...