Evidence is critical for ownership in a securities class action because it is required to prove that an individual or...
Securities fraud is a deceptive practice that involves misrepresenting information or manipulating financial markets to induce investors into making unwise or disadvantageous investment decisions. Older adults, who are often more susceptible to securities fraud, are targeted by scammers who employ persuasive tactics and exploit vulnerabilities, such as unfamiliarity with certain technologies.
If your elderly parents were victims of securities fraud and you want to learn how to help them, consider contacting Silver Law Group to discuss legal options for financial recovery. Our securities fraud attorneys have extensive experience representing investors in elder financial fraud matters, including claims against stockbrokers, financial advisors, and firms; and crucially, we work on a contingency basis.
Older adults are frequently targeted by various types of securities fraud, including investment scams, Ponzi schemes, and affinity fraud. These scams often involve promises of high returns with little to no risk, taking advantage of seniors’ trust and desire for financial security.
Older adults often have accumulated wealth through years of saving and investing, making them attractive targets for fraudsters seeking substantial financial gains. They may have retirement accounts, pensions, and other assets that are vulnerable to theft or manipulation.
Scammers often pressure victims to invest immediately, sometimes with the promise of high returns or guaranteed profits. Older adults may express confusion about recent transactions or investments, or they might be reluctant to discuss their financial matters.
Older adults who have lost money to improper investments can potentially recover compensation through participation in a class action lawsuit. To be eligible to join one, the injured investor must have purchased, acquired, or even sold the securities of a publicly-traded company during the specified class period and suffered financial losses due to fraudulent practices or statements. If the class action is successful, either through a settlement or a court judgment, eligible class members may receive compensation for their losses.
If you believe your elderly parents may have fallen victim to fraudsters, you can help by trying to determine the details of the alleged fraud, including who was involved and how much money might have been lost. Be sure to save any relevant documents, emails, text messages, or phone records, as this information will be crucial for reporting the fraud and potentially recovering funds.
If your elderly parents were victims of securities fraud, contact Silver Law Group today for help. Our attorneys can investigate the specifics of the fraud to determine the appropriate legal action.
Our legal team will work tirelessly to maximize the recovery of your parents’ financial losses, which can include out-of-pocket losses and other forms of financial recovery. Our firm operates on a contingency fee basis, which means we do not take any fees unless we recover on your behalf.
