{"id":804,"date":"2017-04-18T19:20:21","date_gmt":"2017-04-18T23:20:21","guid":{"rendered":"http:\/\/www.elderfinancialfraudattorneys.com\/?p=804"},"modified":"2018-10-04T15:29:18","modified_gmt":"2018-10-04T19:29:18","slug":"bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/","title":{"rendered":"Bank-Based Brokerage Firm Fined $100,000 for Selling Senior Citizens Unsuitable Securities"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/04\/iStock-619505892.jpg\" alt=\"iStock-619505892.jpg\" width=\"252\" height=\"168\" \/><\/p>\n<h2 style=\"text-align: justify;\">Investment Professionals, Inc. had been previously investigated for using high-pressure tactics on elderly clients in Massachusetts<\/h2>\n<p style=\"text-align: justify;\">A San Antonio-based investment firm operating in Massachusetts was recently fined $100,000 for selling seniors unsuitable investments. The firm, Investment Professionals, Inc., (IPI) which operates out of community banks throughout the state, had been the subject of an investigation by the Massachusetts Securities Division.<\/p>\n<p style=\"text-align: justify;\">Financial advisors and the firms that supervise them have a duty to know their clients and their investment goals, and only recommend investments that are suitable for their financial situation. <a href=\"https:\/\/www.silverlaw.com\/unsuitable-investment-advice.html\"  rel=\"noopener\" target=\"_blank\"><span style=\"text-decoration: underline;\">Unsuitable investment advice<\/span><\/a> violates securities industry regulations, and recommending unsuitable, risky investments to elderly clients may be considered a form of elder financial exploitation. Unfortunately, this was not the first official state investigation of IPI\u2019s marketing and sales methods.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/\"  title=\"Continue Reading Bank-Based Brokerage Firm Fined $100,000 for Selling Senior Citizens Unsuitable Securities\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investment Professionals, Inc. had been previously investigated for using high-pressure tactics on elderly clients in Massachusetts A San Antonio-based investment firm operating in Massachusetts was recently fined $100,000 for selling seniors unsuitable investments. The firm, Investment Professionals, Inc., (IPI) which operates out of community banks throughout the state, had been the subject of an investigation [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":805,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1100],"tags":[1111],"class_list":["post-804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-senior-citizens-unsuitable-securities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Massachusetts Brokerage Fined for Aggressive Sales Tactics<\/title>\n<meta name=\"description\" content=\"Investment Professionals, Inc. have been fined $100K for using aggressive, high-pressure tactics on elderly clients in Massachusetts. Could you be a victim?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Massachusetts Brokerage Fined for Aggressive Sales Tactics\" \/>\n<meta name=\"twitter:description\" content=\"Investment Professionals, Inc. have been fined $100K for using aggressive, high-pressure tactics on elderly clients in Massachusetts. 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Could you be a victim?","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/04\/iStock-619505892.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/","url":"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/","name":"Massachusetts Brokerage Fined for Aggressive Sales Tactics","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/#primaryimage"},"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/bank-based-brokerage-firm-fined-100000-selling-senior-citizens-unsuitable-securities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/04\/iStock-619505892.jpg","datePublished":"2017-04-18T23:20:21+00:00","dateModified":"2018-10-04T19:29:18+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"Investment Professionals, Inc. have been fined $100K for using aggressive, high-pressure tactics on elderly clients in Massachusetts. 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