Be Mindful of Investment Seminars as a Retiree

There are numerous brokerage firms out there that send out mail promoting seminars to discuss investment strategies or advice for individuals regarding their finances. These are often sent out to retirees who may appear to be more vulnerable. They promise of a free meal in return for your time, but it is important to know what the broker’s intentions are and what they are trying to do. If you have received one of these invitations, be mindful that the intention is for you to buy in to what they are selling.

Watch As Attorney Chad Kohler Explains the Risks of Investment Seminars for the Elderly

Keep in mind, these may not always be the best options and it is crucial that you do research ahead of time in order to keep yourself and your finances protected. You will want to make sure that the individual or brokerage firm that sent the invitation is a registered representative with the SEC and FINRA. If the person is not registered, avoid the seminar. You can also check with other registered representatives and see if the investment is a viable option for you and your current finances.

One of the most important things you can do should you decide to attend the seminar is to make sure you ask a lot of questions regarding the investment. The fact is, if a broker is only out for their own benefit, they may not disclose all of the information you need. By asking questions, you can engage with the broker or brokerage firm and receive answers to your questions. This can involve the fees involved, any risks, or any hidden information.

You need to make sure you are protected and determine if this investment is the right choice. This is something that is ongoing and you should be aware of your options.

If you are a retiree and have been the victim of this situation, it is important to take legal action. Our securities lawyers at Meyer Wilson work with you to recover any losses that you may have experienced. Whether we notice bad investment advice or breach of fiduciary duty, our goal is to hold the broker accountable for their actions. Contact us today for your free consultation.


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