Nursing Homes Can’t Take Stimulus Checks Intended For Residents, FTC Warns
The FTC is warning nursing homes not to attempt to claim residents' stimulus checks, which could be considered financial abuse.
Tag Archives: Financial Abuse
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Elder Financial Abuse Claim Results in $212K FINRA Award
FINRA has ordered a financial firm to pay $212,000 for charges of elder abuse and financial fraud.
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Seniors Financial Abuse Helpline Has Fielded Thousands of Calls, Helped Recover Millions
A hotline for seniors suffering financial exploitation and fraud has received more than 7,000 calls since last year, and has resulted in callers receiving millions in reimbursement from investment firms.
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Elderly Financial Abuse Targeted By Proposed FINRA Rules
FINRA is asking the SEC to approve new rules to protect seniors and other vulnerable adults from financial exploitation.
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Senior Financial Abuse, Exploitation Targeted by Proposed FINRA Rules
New financial industry rules have been proposed, which are designed to protect seniors and those with disabilities from abuse and exploitation, requiring firms to be more proactive.
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FINRA Charges Oppenheimer $921K For Overcharging Customers
Oppenheimer must pay $900K in fines and restitution for overcharging customers and failing to supervise its traders.
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Nontraded REITs Investment Risks Highlighted by FINRA
In the wake of fraud investigations and substantial investor losses, a financial oversight agency is warning investors to be aware of the potential investment risks inherent in non-traded real estate…
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Goldman Sachs Lawsuit Filed by SEC Over Abacus Fraud
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Goldman, Sachs & Co. charging the financial institution with fraud for allegedly selling investors subprime mortgage securities that…
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Stock Broker Elder Financial Abuse Claim Results in $1.6M Award
A panel of arbitrators through the Financial Industry Regulatory Authority (FINRA) has awarded a 95-year old man $1.6 million in damages against StockCross Financial Services in a stock broker fraud…
