What Is Elder Financial Abuse?

Elder financial abuse, typically occurs in a senior investor’s circle of trust, takes advantage of the senior investor’s inability to manage their financial affairs. Diverting money from a senior investor’s bank or brokerage accounts for reasons that do not benefit the senior investor are the most common forms of elder financial abuse. In the context of a brokerage account, financial advisors may also excessively trade an account or purchase high commission investment products.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]