Investment Fraud and Elder Financial Abuse
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 stockbroker misconduct.
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 your savings.
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.