Elder financial abuse investment fraud attorney

Elder financial abuse is unfortunately a very common phenomenon.  While professional financial advisors and stock brokers are trained to protect the investment goals of elderly and retired investors, unfortunate results do occur.

Elder financial fraud investment losses are often recoverable, depending on the circumstances, who made the recommendation, and who was in control of the account. Financial advisors and brokers licensed through the Financial Industry Regulatory Authority (FINRA) always have a broker-dealer investment firm behind them, and insurance which generally covers investment losses caused by broker error, including elder financial abuse and investment fraud.

Often times, a well-intended broker is negligent, or his or her firm was negligence in doing background research on an investment – giving rise to investment recovery for failure to do due diligence.  A broker cannot just take the word of those who sponsor or create an investment, but is required to verify all facts and claims and make their own determinations.  Every investment sold by a broker or financial advisor must be approved by an investment firm who has the responsibility of due diligence to thoroughly research every investment product they recommend and allow their financial advisors to sell.

Investment firms must also approve each investment transaction.  While some investment recommendations may be appropriate for younger or more financially secure investors, the same recommendation may be unsuitable for retirees, elderly, or those with health costs or other financial needs.  Losses or fraud to your retirement account are particularly devastating, and you should have an attorney you trust on your side.

If you have large investment losses, contact Attorney Daniel A. Bakondi, Esq. today for an assessment of your options and investment loss recovery strategies.

Attorney Daniel A. Bakondi, Esq.
danielbakondi@yahoo.com 
415-450-0424

The Law Office of Daniel Bakondi
870 Market Street, Suite 1157
San Francisco CA 94102

Click for more info:

IMPORTANT NOTICE: No attorney-client nor confidential relationship is created through this communication. Nothing communicated or provided constitutes legal advice nor a legal opinion unless it so specifies and written agreement for attorney services has been entered into.  Attorney licensed in California only.  Your issue may be time sensitive and may result in loss of rights if you do not act in time.  Thank you.

CLIENT TESTIMONIAL
“Best of the Best: I hired Daniel a year and a half ago to help with an investment gone wrong. I felt him to be an attorney who is committed to justice and takes pride in all his endeavors. He has the integrity and dedication to follow through and make the process as painless as possible. Daniel guided me to a conclusion in a situation that was very difficult to do. I feel he is the best of the best of young and up and coming attorneys in the city.”M.F.

CLIENT TESTIMONIAL
“Daniel Bakondi is an attorney who is devoted to his clients. He is knowledgeable, expedient, and meticulous about details. He is honest and provides his clients with a realistic evaluation of their expectations. He doesn’t waste your time. Daniel Bakondi is the attorney who will be in your corner all the way.” N.T.

 

 

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