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avoid financial exploitation of elderly

Stockbroker Jailed for Selling Annuity to 83 Year Old Woman

Stockbroker Jailed for Selling Annuity to 83 Year Old Woman 150 150 Rex Securities Law

The Wall Street Journal reports that California’s insurance commissioner had independent insurance agent Glenn Neasham arrested for selling a complex annuity to an 83 year old woman. The jury in Lake County,…

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Securities Regulators Offer “Scam Meter” to Help Investors Avoid Making Bad Decision

Securities Regulators Offer “Scam Meter” to Help Investors Avoid Making Bad Decision 150 150 Rex Securities Law

The Financial Industry Regulatory Authority ( FINRA) has a Scam Meter on their website which might help keep investors from making a bad decision. It starts with the age old warning “If it sounds…

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Securities Regulator Awards $2.1 million For Sale of Tenant in Common Investments (TICs)

Securities Regulator Awards $2.1 million For Sale of Tenant in Common Investments (TICs) 150 150 Rex Securities Law

A FINRA arbitration panel found that TIC investments were unsuitable and ordered Pacific West Securities to pay $2.1 million in damages to a couple that had been clients. TICs are real estate securities…

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Florida Dept. of Elder Affairs Announces Investment Fraud Information Website for Seniors

Florida Dept. of Elder Affairs Announces Investment Fraud Information Website for Seniors 150 150 Robert H. Rex

A recent article in the Palm Beach Post addressed the fact that scams and fraud against the elderly are a major problem in Florida. According to Florida Department of Elder…

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Securities Regulator, FINRA, Warns to Deal Fairly With Senior Investors

Securities Regulator, FINRA, Warns to Deal Fairly With Senior Investors 150 150 Rex Securities Law

In FINRA Regulatory Notice 11-52, issued in November 2011, the Financial  Industry Regulatory Authority reminded brokerage firms of their supervisory obligations regarding the use of certifications and designations that imply…

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Brookstreet- Risky CMO’s Lead to $10MM Fine

Brookstreet- Risky CMO’s Lead to $10MM Fine 150 150 Rex Securities Law

The SEC’s case against the former CEO of Brookstreet Securities Corp., Stanley C. Brooks, has led to a fine of 10 million dollars. A federal judge recently entered this penalty,…

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FINRA BrokerCheck Website Provides Background Information on Stockbrokers

FINRA BrokerCheck Website Provides Background Information on Stockbrokers 150 150 Rex Securities Law

Before entrusting a financial advisor with your Nest Egg wouldn’t you like to know if that broker has a history of customer complaints , sanctions by securities regulators or has been…

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Grubb & Ellis Seeks Bankruptcy Protection

Grubb & Ellis Seeks Bankruptcy Protection 150 150 Rex Securities Law

The  Investment News recently reported that Grubb & Ellis Co. is selling most of its assets to BGC Partners and blaming on the 2007-2009 downturn in US real estate markets, and has filed…

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