Securities Fraud Attorney Mark Tepper Warns Baby Boomers' Nest Eggs may be New Targets of Aggressive Financial Advisers

FORT LAUDERDALE, FL.   – Securities Fraud Attorney Mark Tepper says baby boomers should be wary of aggressive financial advisers who promise stellar returns on investments while pushing high fee financial products where commissions and excessive trading can eventually drain portfolios.

“Baby boomers paying more attention to stock options than their 401(k) plans are particularly at risk. In these uncertain economic times investors seeking higher returns in speculative investments can become victims of unscrupulous financial managers with get rich quick schemes,” Tepper said.

Tepper, a former New York Assistant Attorney General and Chief Trial Counsel at the Bureau of Investor Protection and Securities, was preparing a witness to give evidence before the North American Securities Administrators Association (NASAA) in an effort to bring greater awareness to the plight of 401(k)s under questionable financial management. 

The witness, an employee at defense contractor Northrop Grumman for 28 years, saw his more than $500,000 nest egg lose over $100,000 shortly after he was persuaded by a broker to move his 401(k) out of the company’s plans and into riskier investments.

“If you don't understand the financial product or it sounds too good to be true, it usually is. Get professional second opinions to reduce the chances of being burned by any investment and be quick to query substantial loss with legal advice about your rights.” Tepper said

About Mark Tepper PA (www.MarkTepper.com)
Attorney Mark Tepper has earned the reputation of “Investor Advocate” while practicing law for over 30 years and representing the interests of investors in criminal and civil actions. An elected Board Director of the Public Investors Arbitration Bar Association (PIABA), he is a former New York Assistant Attorney General and Chief Trial Counsel at the Bureau of Investor Protection and Securities. He has authored numerous legal articles on securities arbitration and lectured before the North American Securities Administrators Association (NASAA) which has presented him with an ‘Outstanding Service Award.’ He addresses professional associations, clubs and financial organizations in South Florida in an effort to educate the public on securities fraud. A member of the Florida, New York and California Bars he is AV®-rated, the highest rating of lawyers in the Martindale-Hubbell Law Directory.

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