Financial Elder Abuse
It is not uncommon for older people to have significant resources that they are looking to invest. Unfortunately, senior citizens are often targeted by unscrupulous brokers and financial advisors who engage in fraudulent practices to deprive them of their assets, and they frequently are victims of financial elder abuse. If you or someone you love suffered financial losses because of deceptive or fraudulent acts, it is in your best interest to meet with an attorney to determine whether the behavior constitutes financial elder abuse and is grounds for pursuing damages in a civil lawsuit. The dedicated New York business litigation attorneys of The Linden Law Group, P.C., will analyze your investment accounts to determine if you may have been the victim of fraudulent practices and assist you in seeking recourse for your damages. Our attorneys frequently represent older investors in state and federal litigation in New York to help them attempt to recover losses caused by financial elder abuse, and if you hire us, we will work diligently to help you hold the responsible parties liable for your harm and help protect you from further losses.What Is Financial Elder Abuse?
Certain facets of the population, including older individuals, are vulnerable to fraudulent investment strategies and predatory lending schemes. As such, elderly people often become victims of financial elder abuse. The Older Americans Act describes financial elder abuse as an inappropriate, unauthorized, or fraudulent behavior engaged in by a person with the intent of depriving an older individual of their assets or using their resources for financial gain. As such, any malicious act undertaken by a financial service professional with the intent of misappropriating an older person’s funds may constitute financial elder abuse.Common Signs of Financial Elder Abuse
Financial service professionals will often engage in other deceptive practices that unfairly deprive older people of their financial resources as well. In some instances, they may suggest that older people invest in securities that have a high rate of return but are inappropriate due to the person’s age and relative tolerance for risk. Further, brokers may overtrade or churn older people’s accounts and subsequently charge them excessive fees for making trades that do benefit them. If you or a loved one sustained financial losses because of financial elder abuse, it is smart to contact a knowledgeable attorney to discuss your case.Retain a Capable Business Litigation Attorney to Assist You
Fraudulent and unethical investment practices can cause older people to suffer significant losses that render them financially unstable in their later years. If you or someone you love sustained economic harm because of financial elder abuse, it is in your best interest to retain an attorney to assist you in pursuing compensation from the parties responsible for your harm. The dedicated business litigation attorneys of the Linden Law Group, P. C. have decades of experience helping older investors harmed by unsuitable investments recover losses, and if you engage our services, we will work tirelessly to help you prove the culpability of the financial services professionals that caused you to sustain damages. We have offices in Manhattan and Long Island, and we regularly represent older individuals in state and federal litigation proceedings in Manhattan, Queens, the Bronx, Brooklyn, and Staten Island, as well as in Nassau and Suffolk Counties. You can reach us at (212) 835-1532 or via our online form to set up a consultation.