Tag Archives: Boca Raton Elderly Financial Abuse Claims Lawyer
FINRA Bars Invest Financial Corporation Broker Roger Kroeger
Roger Kroeger (CRD: 1526864) is a prior stockbroker of Invest Financial Corporation located in Fort Lauderdale, Florida who Financial Industry Regulatory Authority (“FINRA”) has barred in all capacities pursuant to Letter of Acceptance, Waiver and Consent No. 2017056614402 dated September 5, 2018. According to FINRA Department of Enforcement, Kroeger failed to appear for testimony… Read More »
Sales Agents Face Criminal Charges for Role in Football Laser Scam
When people watch an NFL game, they probably are not thinking about securities fraud. Yet a piece of technology designed to improve the fan experience of watching football is at the center of a massive securities fraud scheme that has prompted multiple civil and criminal prosecutions. In the latest development, a federal grand jury… Read More »
Identifying and Protecting Against Elder Financial Abuse
Financial abuse of the elderly is a serious problem in Florida and throughout the country. Many elderly persons exhibit signs of diminished capacity to manage their own finances. Unscrupulous relatives and would-be financial advisers often take advantage of such persons. Planning to Avoid Elder Abuse through Estate Planning In a recent Investor Bulletin, the… Read More »
SEC Charges Four With Penny Stock Fraud Aimed at the Elderly
On April 7, the U.S. Securities and Exchange Commission sued Boca Raton-based eCareer Holdings, Inc., and its chief executive officer, Joseph J. Azzata, with securities fraud in connection with the sale of the company’s penny stock. According to a complaint filed in Miami federal court, Azzata engaged several individuals previously barred from acting as… Read More »
Brokerage Firms Reminded – Senior Investors Must Be Treated Fairly
SEC Staff and FINRA Issue Report on National Senior Investor Initiative 04/15/2015 01:00 PM EDT With the Social Security Administration estimating that each day for the next 15 years, an average of 10,000 Americans will turn 65, the staff of the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) today… Read More »
Missing Boater Returns: Former Boca Financial Adviser was Listed as Missing Two Weeks Ago
By Matt Morgan, Palm Beach Post Staff Writer mmorgan@pbpost.com A boater who went missing about two weeks ago has returned to his home and admitted that he orchestrated his disappearance to escape his legal problems, according to the Palm Beach County Sheriff ’s Office. Richard Ohrn, 44, went missing off the coast of Boca Raton… Read More »
SEC Fines Texas Brokerage After Agent Stole $300,000 From Elderly Clients
Even if you deal with a reputable securities broker, there may still be unscrupulous agents of that broker who will take advantage of clients. Federal law requires all registered brokers to establish procedures for supervising their representatives. A broker who fails to do so can be held liable for a rogue agent’s illegal actions…. Read More »
Arrest Made in $1.2 Million Retirement Fraud Against Florida Seniors
CBS Miami is reporting this week that 4 arrests have been made in a $1.2 million money laundering scheme that left at least 17 elderly people from all over the country with significantly less in their retirement accounts. Working together, the Florida Attorney General Pam Bondi’s Office, the Florida Office of Financial Regulation and… Read More »
Retirees Particularly Vulnerable in 401(k) Rollovers
America’s population of retirees is larger than ever. According to U.S. News and World Reports, in the decade between 2000 and 2010, the 65-and-over demographic jumped by over 15 percent—significantly greater than the 9.7 percent increase of the total population. Not surprisingly, Florida leads the nation in retirees, with 17.3 percent of its population… Read More »
