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Articles Posted in elder financial fraud

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Silver Law Group managing partner Scott Silver recently spoke with Investment News on the continuing impact of the failed GWG Holdings illiquid and speculative L-Bonds on defrauded investors. Included in these cases is elder financial abuse, particularly when brokers overstep their boundaries and become more involved in their client’s life and financial affairs. In the article, Scott referenced one of his clients, who was awarded compensatory damages and interest after being sold L-Bonds and other investments. He also loaned money to the broker who sold him the investments. In the arbitration action, the broker-dealers settled the claim while the advisor was found liable. “We are seeing a rise in elder financial fraud by brokers, primarily those working as independent contractors. Those brokers develop close relationships with senior clients and abuse that relationship by borrowing money or otherwise seeking a role in a client's estate, either as a beneficiary or a trustee to financially benefit themselves,” Scott said. Under FINRA Rule 3240, brokers are not allowed to borrow money from clients except under very tight restrictions, such as only from close relatives, with written permission from the firm.Silver Law Group managing partner Scott Silver recently spoke with Investment News on the continuing impact of the failed GWG Holdings illiquid and speculative L-Bonds on defrauded investors. Included in these cases is elder financial abuse, particularly when brokers overstep their boundaries and become more involved in their client’s life and financial affairs. Continue reading ›

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Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Brookdale Senior Living Inc. (BKD) on behalf of investors. The investigation is in regard to potential violations of the federal securities laws and unlawful business practices. Brookdale Senior Living Inc. (BKD) is a publicly-traded company based in Tennessee that owns and operates over 750 senior living facilities in 45 states. With 38,400 full-time employees and $4 billion in revenue in 2019, Brookdale is the largest senior living community operator in the country.Silver Law Group, a nationally-recognized class action law firm representing investors, is investigating Brookdale Senior Living Inc. (BKD) on behalf of investors. The investigation is in regard to potential violations of the federal securities laws and unlawful business practices.

Brookdale Senior Living Inc. (BKD) is a publicly-traded company based in Tennessee that owns and operates over 750 senior living facilities in 45 states. With 38,400 full-time employees and $4 billion in revenue in 2019, Brookdale is the largest senior living community operator in the country. Continue reading ›

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