Seniors

The headline suggested a textbook case of elder financial abuse: Broker makes fraudulent misrepresentations to collect $70,000 in fees from a couple of 90-something clients. ...

While OCIE has had its ReTIRE initiative in place for three years, a new document request letter reveals a twist (IA Watch, June 25, 2015) ...

Protecting senior investors from speculative or unduly complex products has been a well-known priority for FINRA. But suitability issues are not the only ones that ...

The client, a retired businessman in his 80s, had been with Morgan Stanley for decades before James Polese became his rep eight years ago. The ...

Glick and FMS provided clients with false account statements to hide Glick's use of client funds to, among other things, pay personal and business expenses, ...

Often lost in the shuffle when FINRA releases its annual regulatory and examination priorities letter is the regulatory component of the guidance. While the 2018 ...

FINRA released Jan. 3 timely FAQs for rules relating to the financial exploitation of seniors that kick in on Feb. 5 (BD Watch, Apr. 7, ...

Glick misappropriated at least $5.2 million from clients and financial institutions, furnished forged checks and other phony documents to financial institutions, and lied to clients ...

We have detailed many of the considerations firms face with new senior exploitation rules from FINRA (BD Watch, Oct. 18, 2017, BD Watch, Nov. 9, ...

When Kelter left his former employer in 2013, he convinced the three seniors to move their accounts to a new brokerage firm, so he could ...