Call Now For a Free Consultation:
(614) 502-6165

Signs of Elder Investment Fraud

Consult with Our Legal Team
There is never a cost associated with a consultation
Common Questions
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

I’m Worried That My Elderly Parents May Become Victims of Fraud. What Are the Signs of Elder Investment Fraud?

Many investment professionals choose to prey on elderly victims because, especially in a poor economy. That’s where the money is: in retirement accounts and life-long savings. Due to deteriorating health, cognitive impairment, isolation and other challenges of aging, elderly investors are often vulnerable to elder abuse, even from financial advisors they have relationships with. 

Parents often find it taboo to discuss financial issues, so take the initiative to speak to your parents about their finances and investments and share your concerns about the potential for misconduct. Ask questions about how and where they are investing their money.

Additionally, be on the lookout for these signs that elder financial abuse is occurring:

  • Your parents talk about a new financial advisor or broker who “guarantees” high returns fast.
  • Your parents have given control of or access to their financial accounts to another person.
  • Your parents have recently changed their Power of Attorney or Beneficiary.
  • Your parents put their money in a new investment opportunity, but they have not received statements or documentation about the investment in writing.
  • Your parents make their checks out directly to an investment adviser.
  • Your parents have been instructed by someone not to discuss their investment. 
  • Your parents don’t review their statements or don’t ask questions about suspicious transactions.
  • Your parents have trouble contacting their advisor or the advisor fails to return their calls.

If you believe that your parents have already become victims of an investment scam or stockbroker misconduct, please speak with one of our experienced investment fraud attorneys as soon as possible to discuss options for recovery. The skilled investment fraud and stockbroker misconduct lawyers with Meyer Wilson represent harmed investors nationwide, recovering losses on a contingency fee basis. There is never a cost for a consultation. 

You can learn more about the power of attorney, and how granting this to a trusted individual can help protect elderly investors, by watching our video.

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram