Elder Financial Abuse

Thomas Jarrett Fired After Taking Orders From Dementia-Impaired Client

We’ve seen a troubling case in the financial advisory world. Thomas Jarrett, a former Wells Fargo financial advisor, was fired for accepting instructions from a client with dementia. This serious breach led to fines and suspension from his position in the industry. Financial advisors must protect their clients, especially those with mental impairments. The case […]

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Autocallables Notes: Investors Seek Legal Recourse After Autocallable Notes Implode

Autocallables Notes have grown into a major investment product, with $122 billion in sales over four years. Major banks like UBS, Goldman Sachs, JP Morgan, Citigroup, and Morgan Stanley lead this market through 11,122 issuances from 2019 to 2023. These structured products offer high coupons and automatic redemption features that appeal to conservative investors who

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Ralph Rogers III Charged With Wire Fraud In Investment Scheme

Federal prosecutors in Chicago charged Ralph Rogers III with wire fraud on March 6, 2025. The 62-year-old investment adviser from Batavia faces serious allegations of deceiving clients through fake business schemes. We learned that Rogers promised investors lucrative returns from nonexistent ventures in fiber optic cable installation and copper piping projects between 2021 and 2023.

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FINRA Fines Network 1 Securities Firm, Suspends AML Compliance Officer

Network 1 Securities faces a $740,000 penalty from FINRA for failing to protect against money laundering. The financial watchdog ordered the firm to pay $200,000 in fines and $534,000 in restitution on August 31, 2023. FINRA also suspended Michael Molinaro, the firm’s anti-money laundering compliance officer, and fined him $5,000. This marks his second suspension

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Raymond James Broker Jonathan Best Complaints Report

We recently learned about serious misconduct by Jonathan E. Best, a broker formerly affiliated with Raymond James. Best faced a three-month suspension and over $23,000 in fines from FINRA for making unauthorized trades in an elderly client’s account. This client had Alzheimer’s disease, making the case even more troubling. Between December 2017 and December 2019, Best executed 71 unauthorized

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