Overcharging Dedicated to Delivering Results

New York Based Overcharging Attorneys

Serving Elder Clients Nationwide

At Weltz Law, we understand that elder clients are in a special position when it comes to investing. Having worked for most of their lives, they now have more money than their younger counterparts for purchasing securities. However, it is no secret that financial elder abuse is rampant. Targeted because of their vulnerability, some parties take advantage of elderly clients by deliberately overcharging them for goods and services. What’s worse is that elders are often overcharged by parties they have come to trust.

If you or a loved one have been the victim of overcharging, please do not hesitate to seek legal help from the knowledgeable legal professionals at the firm. We possess over 50 years of combined experience in securities litigation and can assist you with claiming the compensation you are entitled to.

Why Elders Need to Be Aware of Overcharging

Overcharging cases do not have to be on a large scale or complicated. It can be something as simple as a recurring credit card payment that has already been canceled or being charged more for a product or service than its actual price. Although some may think that being overcharged for a small sum is insignificant, the numbers can really add up over time, especially when compiled nationwide.

According to a 2019 report by the Consumer Financial Protection Bureau, over $6 billion in assets owned by elderly clients are suspected to have been involved in fraudulent activity from 2013 to 2018. The worst part is that among elders aged 70 to 79, the average loss proved to be higher if the victim knew the suspect.

Overtrading / Account Churning

When it comes to investing, elders can be the victims of overtrading, also known as account churning. Overtrading occurs when a financial firm or broker makes excessive, unnecessary transactions on the client’s behalf in order to earn a commission.

Very often, these investments turn out to be “unsuitable” with the client’s investment profile, which a violation of FINRA’s Rule 2111. Even if a transaction is suitable in isolation, overtrading means that when viewed as a whole, the multiple unnecessary transactions that have been made are deemed unsuitable because they do not align with the client’s investment goals.

We Are Here To Discuss Your Overcharging Case

Unfortunately, there is very little that can be done to eradicate overcharging and overtrading altogether. However, seniors should take some precautions when it comes to their financial activity, such as setting up automatic payments for bills to ensure that any additional charges are immediately noticeable. If you are a senior and suspect you have been a victim of overcharging or overtrading, please do not hesitate to get in touch with an attorney at our firm to get the assistance you need immediately. When you choose our firm, you can enjoy peace of mind knowing that our attorneys will fight tirelessly on your behalf.

To set up a free case consultation with one of our New York overcharging lawyers, please give us a call today at (877) 905-7671 or contact us online.


Experienced & Effective
  • 30+ Years of Collective Experience

    Our attorneys have over 30 years of collective experience representing clients in all aspects of securities and commercial litigation.

  • Contingency Fees for Our Securities Law Clients

    We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.

  • Free Consultations

    We will assess the merits of your claims and help you decide on the next step.

  • Litigated Claims in Excess of $50 Million for Our Clients

    Our firm is prepared to fight for you to seek maximum compensation.


Word From Former Clients
    Calmly walked me through the process.

    “Due to his hard work, the hearing lasted less than 30 minutes with the judge dismissing the complaint.”

    - L.K.
    Successfully represented me in a number of matters

    “Attentive to every aspect of my matters, always available to speak with me, gave me great advice and fought hard for me every step of the way.”

    - I.S.
    Truly terrific in every way.

    “He cared, he was responsive, and he guided me through a difficult time with compassion and expertise.”

    - F.S.
    I could not recommend him highly enough!

    “He was there to talk me through any questions and concerns I had until we decided on the best option for me.”

    - Securities Industry
    Smart, cost-efficient, and gets results.

    “My go-to lawyer for arbitration and regulatory matters for years.”

    - B.D.

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