At the Law Offices of David Harrison, P.C., located in the heart of Beverly Hills, CA, we are steadfast in our commitment to defending the rights and interests of the elderly, particularly when it comes to the complex world of investments and securities. Elder financial abuse is a growing concern, and understanding your legal rights is the first step toward safeguarding your or your loved one's financial future.

Elder Abuse in the Financial Sector

Elder abuse, especially financial exploitation by stockbrokers or brokerage firms, is an issue that can have devastating effects on seniors' financial security and well-being. Under California law, specifically Welfare & Institutions Code § 15610.07, elder abuse encompasses various forms of mistreatment, including financial abuse, which occurs when a person or entity takes, secretes, appropriates, or retains real or personal property of an elder for a wrongful use or with intent to defraud.

Your Legal Protections and Remedies

California's robust legal framework provides strong protections for elder individuals against financial exploitation. Notably, Welfare & Institutions Code § 15610.07 not only enables victims of elder abuse to pursue legal action against perpetrators but also offers the possibility of recovering attorney fees and treble damages. This means that if your case is successful, you could potentially recover three times the amount of your actual financial losses, in addition to having your legal fees covered. These provisions are designed to deter wrongful conduct by stockbrokers and brokerage firms and to provide significant compensation to victims.

The Role of FINRA Securities Arbitrations

The Financial Industry Regulatory Authority (FINRA) offers a forum for resolving disputes between investors and brokerage firms or stockbrokers through arbitration. This process is often faster and less formal than traditional court proceedings, making it a preferred choice for many investors, especially the elderly who may seek a more expedient resolution to their grievances.

Why Choose the Law Offices of David Harrison, P.C.?

At the Law Offices of David Harrison, P.C., we specialize in representing clients in FINRA securities arbitrations, leveraging our extensive knowledge and experience to advocate effectively for the rights of elder investors. Our team understands the nuances of California law related to elder financial abuse and is dedicated to fighting for the justice and compensation our clients deserve.

If you or a loved one has been a victim of stockbroker abuse, it's crucial to act swiftly to protect your rights and interests. Elder financial abuse cases require a delicate, informed approach to navigate the complexities of the legal and financial systems. With our proven track record of success and our deep commitment to our clients, we stand ready to support you through every step of the process.

Take the First Step Towards Justice

Don't let financial exploitation by a stockbroker or brokerage firm diminish your or your loved one's quality of life. If you suspect elder abuse, contact David Harrison and the team at the Law Offices of David Harrison, P.C. Our expertise in FINRA securities arbitrations and elder financial abuse claims means that you'll have a powerful ally in your corner, fighting to secure the compensation and justice you deserve.

For a consultation and to learn more about how we can help, call the Law Offices of David Harrison, P.C. today. Together, we can take a stand against elder financial abuse and work towards a secure and prosperous future for you and your loved ones.