South Florida Elder, Senior and Retirement Financial Abuse and Exploitation Attorney - Equity Indexed Certificates of Deposit Scam

Equity Indexed Certificates of Deposit - Elder, Senior and Retirement Financial Abuse FINRA Arbitration and Litigation Attorney: 

While elder fraud, breach of fiduciary duty and other types of financial abuse can take on many forms, there are a number of investments which increasingly have been used in illegitimate schemes to defraud older investors or have investment characteristics unsuitable for retired investors.  Consequently, elder or retired investors should exercise appropriate scrutiny before investing in these types of products.  One such product is equity indexed certificates of deposit.

Equity Indexed Certificates of Deposit.  These hybrid securities products offer an interest coupon payment or return that is based on a stock market index, usually the S&P 500. Returns are not FDIC insured.  They are dependent on the performance of the stock market.  These are complex securities that promise a rate of return calculated over a defined period of time based upon some form of securities market index.  A declining stock market means the possibility of no return on your investment. As a result, these products pose liquidity problems and are therefore, not suitable for seniors in particular who may need the money for retirement living.  Investors should be wary of investment products with complex terms that they do not understand and should seek the advice of an objective third party when in doubt.

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With extensive courtroom, arbitration and mediation experience and an in-depth understanding of elder abuse and securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.

At the Boca Raton Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Boca Raton, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.