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Elder Abuse
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September 11, 2020
Stifel Nicolaus Broker Steven Rodemer to Pay $385,536 to Settle SEC Claims He Scammed Elderly Widow
January 25, 2019
Unauthorized Trading, Suitability, and Customer Abuse Complaints Catch Up to Wedbush's William Mark Heiden of Southern California
January 07, 2019
John Gregory Schmidt Arrested, Accused of Elder Abuse, $1.1 Million Fraud
June 18, 2019
Patrick Foley Barred After Investigation into Accepting Loans from Elderly Client
May 28, 2019
Wedbush/Hilltop Securities Broker Mark Augusta Accused of Fraud, Financial Elder Abuse
March 26, 2019
Broker Bonuses and Forgivable Loans - When Brokers Place Personal Profits Above Client Interests, a William Mark Heiden Case Study
March 11, 2019
SEC Joins FINRA in Barring Arrested WF Broker John Schmidt over Elder Fraud
January 23, 2019
FINRA's 2019 Exam Priorities Feature Senior Protections, Suitability, Outside Business Activities
January 03, 2019
2019 SEC Exam Priorities Zero In on High Fees, Conflicts of Interest, and Mutual Fund & ETF Risks
December 07, 2018
Nicholas Radke Barred During Investigation into Unapproved Private Securities Transaction, Elder Abuse Fraud Lawsuit
December 02, 2018
Sean J. Waters Barred for Churning Senior Citizen's Retirement Accounts, Racking Up Fees and Losses
November 20, 2018
Robert Basile Arrested, Barred For Stealing $130,000 from Elderly Client-His Mother
October 24, 2018
John Simoncic Barred for Churning Retirement Accounts with VIX ETF
September 29, 2018
Robert Torcivia Disciplined Over Beneficiary Designations, Inheriting Money from Clients
June 27, 2018
Kyusun Kim Barred for Unsuitable Recommendations of REITs and Alt Investments in Elderly Investors' Retirement Accounts
June 14, 2018
LPL Financial's Bradley Gardner Barred for Conversion from Elderly Client
June 15, 2022
Megurditch Patatian Barred for $8 Million of Unsuitable REIT & Variable Annuity Recommendations
March 18, 2022
Former Wells Fargo & LPL Financial Broker Mario Rivero Arrested for Stealing $680,000 From Clients
December 22, 2021
American Portfolios Financial Services Cited After Assistant Kimberly Sredich's Theft from Clients & Rep Mark Hopkins' Misappropriation, $1 Million SEC Case
April 09, 2020
JP Morgan's Steven Lu Barred for Pretending to Befriend, Taking Advantage of Elderly Alzheimer's Client
March 24, 2020
Coronavirus Losses, Stock Market Decline Expose Fraudulent Schemes
January 30, 2020
Kerry Wills Sanctioned for Borrowing $150k, Accepting Luxury "Travel Gifts" From Elderly Customer
January 23, 2020
Shlomo Strugano, Former First Allied Broker, Barred During Forgery Investigation
January 15, 2020
NEXT Financial Group Fined for Unsuitable Non-Traded REIT Sales
December 31, 2019
Hicks Latest Broker Accused of Unsuitable High-Risk REIT and BDC Sales to Senior Citizen Investors
June 06, 2018
John Douglas Wade Barred for Converting $100k from Bancorp Customers
June 01, 2018
Leona Parsons Barred After Investigation into Improper Withdrawals, Withholding Money from Client
May 29, 2018
James Edward Knee Barred, Arrested for Theft from Elderly Client
May 25, 2018
DOJ Charges Gary Basralian with Fraud, Suit Claims He & Preyed on Elderly Women, Royal Alliance Customers
May 22, 2018
SEC Bars Lauramarie Colangelo for Helping Tarek Bahgat Misappropriate Client Funds Under Guise of Paying Senior Citizens' Internet Bills
May 12, 2018
Wells Fargo Survey Finds Two-Thirds of Financial Crimes Against Elderly Are Committed By Trusted Individuals
January 19, 2018
FINRA Bars Matthew Kerby After Allegations He Converted Elderly Client's Funds for Personal Use
January 10, 2018
Ameriprise's Larry Boggs Barred for Churning Elderly Client Accounts, Improperly Changing Customer Objectives
December 04, 2017
Anthony Sica Sanctioned for Recommending Unsuitable High-Risk Securities to Elderly Customer and Unauthorized Trading in Dead Client's IRA Account
November 13, 2017
Accused of Elder Fraud in Trying to Generate Commissions, FINRA Bars Hank Werner for Churning and Excessive Trading
September 08, 2017
William Glaser Barred, Under Federal Investigation Related to Fraud Indictment, After 76-Year-Old Navy Vet Suffers $400,000 Private Placement Loss
July 22, 2017
FINRA NAC Affirms OHO Bar of David Escarcega for Fraudulent Misrepresentations to Elderly Clients in Arizona, California and Washington
July 18, 2017
After $2.4 Million Suit Alleging Elder Abuse, FINRA Bars James Schaedler Following $200k Gift Investigation
June 16, 2017
Ex-IFG and Centaurus Broker Calvin Moores Barred After FINRA Investigation, OTC Dispute Alleging Fraud, Complaint Alleging Elder Abuse
June 12, 2017
Kim Dee Isaacson Charged with Fraudulent Misrepresentations, Unauthorized Transactions in Elderly Client's Account
June 06, 2017
Ex-Ameriprise Broker Mark Francis Speakman Pleads Guilty to REIT Wire Fraud, Money Laundering
May 01, 2017
Ex-Raymond James Broker Scott Sibley Barred for 900 Unauthorized Transactions, Unsuitable Recommendations to 10+ Seniors
April 24, 2017
John Olinghouse Sanctioned for Falsifying Documents, Settling Elder Diminished Capacity Customer's Complaint Away from Firm
April 13, 2017
Ex-LPL Broker Robert Tricarico Convicted, Sentenced for Stealing $1.2 Million from Elderly Clients, Wire Fraud
March 02, 2017
Craig Dima Barred for $15 Million of Unauthorized & Unsuitable Trades in Elderly Client's Retirement Account
February 21, 2017
Red River Securities Expelled, CEO Brian Hardwick Barred, Ordered to Pay $24.6 Million in Restitution for Fraud
February 13, 2017
Matthew Maczko Barred for Churning in 93-Year-Old Client's Account, Resulting in Loss; Misleading Testimony
January 10, 2017
Complaint Alleges Kelly Althar's Unsuitable and Excessive Trading Caused $187,000 Loss in Elderly Client's Accounts
January 05, 2017
2017 FINRA Priorities: High-Risk and Repeat-Offender Brokers, Suitability & Sales Practices, Cybersecurity
December 02, 2016
MA Charges LPL Financial for Adviser Roger Zullo's Alleged Variable Annuity Fraud, Elder Abuse
November 01, 2016
Unsuitable and Risky Oil and Gas Sales and Plummeting Energy Investments Cost Elderly Clients Millions of Dollars in Losses
October 06, 2016
Cetera Financial Group's Investors Capital Corp to Pay $1.1 Million Over Unit Investment Trust, Steepener Note Sales
September 21, 2016
Avenir Financial Group Sanctioned, CEO Michael Todd Clements Barred, Rep Karim Ibrahim Suspended for Fraud
August 10, 2016
Ciro "Nick" Cavazos Fined, Suspended for Unauthorized, Undisclosed Loan; Accused of Fraud & Financial Elder Abuse
May 19, 2016
Thrivent's Miguel Hernandez Barred for Defrauding Elderly Church-Going Client
April 15, 2016
Greg Taylor Accused of Unethical Conduct Involving 75-Year-Old Widow with Dementia, False Statement to Firm
March 06, 2016
Bahram Mirhashemi Barred for Churning, Excessive Trading & Unsuitable Sales to Elderly Clients Resulting in Losses
January 13, 2016
FINRA Senior Hotline Warns: Fraud is Alive and Well and Takes Many Forms
January 06, 2016
2016 FINRA Priorities Letter Includes Brokerage Firm Culture and Ethics, Suitability, Seniors, Complex Products
January 04, 2016
LPL Financial Ordered to Pay $750k for Improper REIT Sales to Elderly Client
August 19, 2015
Glenn Moffitt Barred Over Allegations He Converted Over $370,000 from Elderly Customer, Churned His Accounts
July 20, 2015
FINRA Bars John Anthony Waszolek for Improperly Appointing Himself Successor Trustee for Diminished Capacity Elder, Attempting to Inherit $1.8 Million
June 24, 2015
SEC to Fight Financial Elder Abuse and Fraud by Upping Broker and Advisor Oversight in Retirement Accounts
April 14, 2015
Under FINRA Investigation for Duping Elderly Investors, Broker Richard Ohrn Fakes Disappearance at Sea
February 09, 2015
Ronald Paul Rafaloff Barred for Converting Elderly Retiree's Funds for Personal Use
January 22, 2015
Ex-UBS Broker Donna Jessee Tucker Barred, Convicted of Fraud for Stealing from Elderly in Ponzi-like Scheme
January 19, 2015
Kevin Luby Fined $25k, Suspended for Disclosure Failures Related to Elderly Customer's Trust and Estate
December 27, 2014
LPL, Commonwealth's Angela Marie Borchardt, and Kenneth William Schulz Barred for Customer Impersonation Scheme
December 23, 2014
Wells Fargo Advisors' former advisor, Jeffrey C. McClure, Barred for Taking $88,850 from Elderly Client
November 15, 2014
OC's Robert Klein, Other Brokers with History of Disciplinary 'Red Flags' Flocking to Hotspots for Misconduct, Elderly Investors
October 07, 2014
Jo Ellen Fisher Barred, Sued for Allegedly Stealing $1 Million from 95-Year-Old Client
September 26, 2014
2014's 12 Worst Financial Advisors List Features Ponzi Schemes, Scams and Frauds
July 15, 2014
SEC: Financial Exploitation of Older Adults is an Urgent Issue
April 06, 2014
Michelle Lee Kern Barred for Unlawful Conversion of $669,000 in Client Funds
February 18, 2014
Former Merrill Lynch Adviser Gary H. Lane Given 10 Year Prison Sentence for Defrauding Elderly Investors via Ponzi Scheme
February 17, 2014
Patrick Joseph Donohue Barred for Prohibited Business Activities with Elderly Clients, False Statements & Unauthorized Wire Transfers
January 23, 2014
SEC National Exam Program Issues Broker-Dealers Priorities List for 2014
January 17, 2014
Massachusetts Charges Christopher Veale for Abusive Sales Practices & Churning in Elderly Client's Account
January 07, 2014
FINRA to Firms: Investment by Seniors Subject to Special Compliance Considerations
December 03, 2013
Two Ex-JP Morgan Brokers Barred for $300,000 Theft from Elderly Woman with Diminished Mental Capacity
November 27, 2013
Paul David Arnold Barred for Misappropriating $242,000 from Elderly Customer's Brokerage Account
November 25, 2013
Gary C. Snisky Charged in $3.8-Million Fraud Scheme Targeting Elderly Investors
October 18, 2013
James Arnold Busch Accused of Stealing $1.3 Million from Elderly Customers
October 15, 2013
SEC: Small Violations Can Lead to Strong Enforcement, Sanctions, and Fines
August 20, 2013
Jon Eric Guay Barred for False Representations, Improper Use and Conversion of $225,000 in Customer Funds
August 16, 2013
Christian Joel Brand Suspended for Soliciting $510,000 Investment from Elderly, Unsuitable Customer for Failed Project
July 09, 2013
Joseph John Antosh Jr. Barred for Failure to Cooperate with Investigation into IRA Beneficiary Switch
July 03, 2013
Kelly Ann Willey Barred After Directing Elderly Customer to Write Checks to Her Personally
June 12, 2013
Francis Martin Florey Barred for Attempting to Transfer Elderly Customer's Funds without Authorization
May 31, 2013
Andrew Lewis Pittman Barred in Relation to Elder Financial Misconduct Allegation
May 18, 2013
Greg John Campbell Barred in $2+ Million Misappropriation Scheme
May 04, 2013
Thomas Lloyd Kunkel Fined and Suspended for Unsuitable REIT Recommendations to Elderly and Unsophisticated Investor
April 13, 2013
FINRA Increasing Scrutiny of Complex Products Marketed to Seniors
March 24, 2013
Michael Mendenhall Barred for Borrowing from Elderly Customers, Untruthful Reply to FINRA Inquiry
January 29, 2013
Marshall Douglas Nelson Suspended for Unsuitable Recommendations to Elderly Customer, Restitution Ordered
January 16, 2013
Tam Thanh Tran (Tom Tran) Barred for Failure to Cooperate with Investigation into Providing False Information
June 11, 2012
Brookstone Securities Fined $1 Million, CEO Antony Turbeville Barred for Fraudulent Sales of CMOs to Elderly Clients
