Elder abuse
Elderly Financial Abuse: What Securities Attorneys Want You to Know
Relatives and those FINRA identifies as “trusted contacts” should contact a securities attorney if they suspect elderly financial abuse. Advisory firms and the Financial Industry Regulatory Authority (FINRA) are supposed to have rules in place to stop seniors from experiencing financial abuse, but their rules and regulations may not do enough. For instance, FINRA Rule…
Read MoreAn Attorney’s Perspective on Hedge Funds
Hedge fund attorneys pick apart complex investment strategies to identify fraud. These strategies allow investors to pool their money by using multiple investment strategies that often take both long and short positions on certain stocks. (Long positions anticipate that a share will increase in value. Short positions bet that a stock will lose value.) By…
Read MoreMoney Laundering: How and Why Broker-Dealers Should Report Suspicious Activity
Broker-dealers are one of the first lines of defense against money laundering and fraud. In order to disguise the true origins of their ill-gotten gains, fraudulent brokers might transfer money to shell corporations in order to make the money look like legitimate earnings. Then, the broker has easy access and can withdraw the money without…
Read MoreSean Refsnider Barred by FINRA Following Allegations of Elder Abuse
Sean Refsnider (CRD #: 4762963), a previously registered broker and investment adviser, has been barred by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on November 3, 2020. This came following his termination from Ameriprise Financial — read on to find out the details. On April 28, 2020, a client alleged…
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