Elder Abuse Listed as One of FINRA’s Top Claim Types

Posted on November 12th, 2018 at 2:42 PM
Elder Abuse Listed as One of FINRA’s Top Claim Types

From the Desk of Jim Eccleston at Eccleston Law LLC:

As the baby boomer generation continues to age, FINRA has reported that it has seen a surge in the number of financial exploitation claims filed by senior citizens.

In fact, according to the statistics published by FINRA, with fifty million citizens, ages 65-and-older, elder abuse claims are now among the top types of FINRA claims. Other examples of types of claims FINRA categorizes include, suitability claims, breach of contract claims, and negligence claims, to name a few.

Moreover, so far in 2018, elder abuse claims were among the top fifteen types of claims filed every month, which equates to 8 percent of all customer arbitrations filed over that time period. In addition, the number of elder abuse claims spiked this year with two-hundred and thirty-two claims already filed, which is an increase of almost 30 percent over the estimated figure from 2017.

The attorneys at Eccleston Law file financial exploitation claims nationwide. If you or anyone observes signs of financial abuse or exploitation of an elderly person, please contact us at 312.332.0000 for a free consultation.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, finra, elder abuse

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Jim, Stephany and the whole team were a God send.  We felt like we were put into a situation where we had no advocate. Jim’s team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog’s bark like Jim’s. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.


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