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These investments, also known as private equity investments or private offerings, are not usually registered with the SEC, which means little public information about them is available. While they can have large returns, they are often high risk and unsuitable for most investors. THESE INVESTMENTS DO NOT HAVE A READILY AVAILABLE SECONDARY MARKET SO AN INVESTOR CAN'T GET THEIR MONEY OUT. BROKERS LIKE IT BECAUSE OF THE HIGH COMMISSIONS.
Variable annuities are often sold as an investment CLAIMING protection from LOSS OF PRINCIPAL. Variable annuities are high-risk products WITH BIG PENALTIES IF YOU TAKE YOUR MONEY OUT AND OFFER HIGH COMMISSIONS FOR THE BROKER.
ELDER ABUSE? ACT NOW!
It is an unfortunate truth that the elderly are often the target of financial scams or undue influence by those who care for them. Exploitation can come in many forms, whether by convincing an elderly person to make poor investment decisions with his or her retirement savings, or by manipulating him or her into changing a will or trust into a particular person's favor. If you suspect that your elderly parent, relative or friend is being taken advantage of, you want a strong advocate with the expertise to help you protect them.
Attorney, Glenn Mazer, has years of experience advising retirees, beneficiaries and other individuals across the United States. He will listen to your concerns and take proactive steps to protect your loved one's rights and assets from any further elder abuse and exploitation.
Fraudsters tend to "go where the money is," which often means targeting older Americans who are nearing or already in retirement. Additionally, older investors are less likely to research investments or check the background of investment professionals or brokers, a fact many con-artists are well aware of. It is important for family members and friends to be aware of common tactics scammers use to take advantage of the elderly, as well as to watch for tell-tale warning signs of exploitation so they can protect their loved ones.
Many elderly persons suffer from dementia or become easily confused by complex details. They may be lonely or dependent upon another person for their care. Perhaps their case involves a combination of these factors. Whatever the issues, these factors can easily leave your loved one vulnerable to manipulation by trusted caregivers or scam artists.
THE FOLLOWING ARE COMMON SIGNS OF ELDER ABUSE:
• Maintaining undue influence over an elderly person so that he or she changes a will or trust so that it benefits mostly one person, usually a close relative or caregiver.
• Convincing an elderly person to give control of trusts, assets, or financial decision-making to a particular party who may or may not have the elder's best interests at heart.
• Making investments on an elder's behalf that may not be suitable to their situation or unnecessarily risky.
• Preying on the elderly's misunderstanding of risky investments, or legal documents such that they sign away assets or rights to make decisions or control assets.
• Selling fraudulent investments to the elderly.
Brokers and investment firms that fail to exercise their fiduciary duties, fail to supervise their brokers, and fail to recommend suitable investments, can and should be held accountable.
RECOVER INVESTMENT LOSSES. CALL OR EMAIL NOW!
Mazer Law Firm PC.
INVESTMENT RECOVERY ATTORNEY
REPRESENTING INVESTORS FOR CLAIMS INVOLVING UNSUITABLE TRADES-SENIOR CITIZEN EXPLOITATION
CALL TODAY! 205-907-9570
DID YOUR BROKER LOSE YOUR MONEY?
BY RECOMMENDING ROLLING OVER YOUR 401K TO AN ANNUITY? OR ANY UNSUITABLE INVESTMENT?