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Tag Archives: financial fraud

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Elder Abuse Rises as US Population Ages

By Green & Schafle |

Aging Population Faces Increasing Number of Abuses As a vast sector of the US population reaches old age and the systems in place to supervise its care remain inadequate, instances of elder abuse will continue to rise. This includes not only the physical and emotional abuse of the elderly in nursing homes and care… Read More »

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Elder Abuse Awareness Day

By Green & Schafle |

Experts Say Elder Abuse May Spike But if you’ve been watching the news lately, you’ve probably seen at least one story that deals with elder abuse. In other words, you may already be aware of how elder abuse has become a national epidemic. Local news outlets recently picked up a story about a Delaware… Read More »

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SEC Philadelphia Office Opens Program to Help Senior Investors Avoid Scams

By Green & Schafle |

Want to protect yourself from elder financial abuse? As regulators and legislators around the country respond to the growing problem of elder financial abuse in the US, the Securities and Exchange Commission (SEC) Philadelphia office is hosting an event to help seniors to avoid becoming the next victims of abuse. The SEC Philly office,… Read More »

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Financial Scams Targeting the Elderly: A Growing Problem

By Green & Schafle |

Retired Boomers Increasingly Targeted by Financial Scam Artists As baby boomers hit retirements, bringing with them the largest amount of wealth a single generation has ever possessed, regulators at the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) foresee an ever growing number of financial scams designed to separate boomers… Read More »

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3 “Golden Rules” for Better Financial Self-Defense

By Green & Schafle |

Educate Yourself and Pay Attention As an Investor, and You’ll Be That Much Harder to Fool In the many dozens of securities litigation cases we have worked on for investors, we have noticed that, when it comes to protecting yourself against broker misconduct and financial fraud, there several “golden rules” which, if regularly observed,… Read More »

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Philly District Attorney Launches Unit to Go After Elder Financial Abusers

By Green & Schafle |

Philadelphia Raises Awareness of Elder Financial Abuse Philadelphia is getting serious about its elder financial abuse problem. As we noted in a recent blog post, the Philadelphia Office of the Securities and Exchange Commission announced that it would be hosting public awareness talks and meetings to combat the growing problem of elder financial abuse…. Read More »

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New FINRA Rules to Help Prevent Senior Financial Abuse

By Green & Schafle |

Last year around this time, the securities industry watchdog, FINRA (the Financial Industry Regulatory Authority), approved new rules and guidelines related to the detection and prevention of the financial exploitation of senior Americans. The new requirements are scheduled to go into effect early next month. In anticipation of the new rules, FINRA recently issued… Read More »

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Elder Financial Abuse Can Happen to Anyone

By Green & Schafle |

A Most Famous Case of Elder Financial Abuse A recent article on Philly.com served an important warning to those with elderly family members whose life-savings may be at risk. The article revisits one of the most famous cases of elder financial abuse in history – the case of New York socialite and multimillionaire Brooke… Read More »

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Financial Fraud Hurts More Than Just Your Savings

By Green & Schafle |

We’re very accustomed to talking about the intangible damages inflicted on victims of medical malpractice or negligent accidents. The legal and cultural concept here is “pain and suffering.” You’ve probably even heard of massive jury awards in recognition of how costly, in terms of loss of life or quality of life and future outlook,… Read More »

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