Seniors

To create an interdivisional taskforce at the Securities and Exchange Commission for senior investors.

This OCIE exam letter features questions aimed at how the adviser handles its senior clients. It also showcases an example of a trade blotter that ...

Maxwell, among other things, obtained $170,000 from two of his elderly clients to acquire an unsuitable blockchain investment fund without adequately disclosing the nature and ...

It can be difficult to determine when an aging client is slipping into dementia and advisers can feel pressured that unnecessarily raising an alarm could ...

At 67 years of age – and after 35 years in the business – John Schmidt is going out of the industry wrapped in infamy. ...

Schmidt misappropriated over $1.16 million from accounts belonging to seven of his retail brokerage customers and transferred that cash to at least ten other customers ...

Schmidt sold securities belonging to at least seven of his retail brokerage customers and secretly transferred over $1 million in proceeds to at least ten ...

Know that if you have clients between ages 70 and 79, they may be the ones most at risk for elderly financial abuse (IA Watch, ...

Call it love late in life. She was in her 60s when she met a man in his 70s. It would become the second marriage ...

Your aged clients make tempting targets for fraudsters because they’re believed to have money and could be manipulated into giving it away (see related story). ...