WSJ: Why Fraud Most Often Strikes Elderly Brokers
Fraudulent schemes targeting the most vulnerable are the most appalling. Whistleblowers who know about this kind of fraud perpetrated by broker-dealers and others should give Hagens Berman a call. Join our clients in reporting these criminals to the SEC and the CFTC. Just a few years ago Hagens Berman settled a case against Charles Schwab for hundreds of millions of dollars for its fraud against often vulnerable investors.
— Shayne Stevenson
"A Wall Street Journal investigation, analyzing the records of about 550,000 stockbrokers, identified 16 U.S. hot spots like this one where troubled brokers tend to concentrate. Parts of New York’s Long Island and South Florida, long notorious for “boiler room” operators, made the list. But so did areas around Detroit, Las Vegas and California cities not known for problem brokers." Full article »
