Q: California - A financial advisor commits financial abuse, to accomplish is scheme he manipulates to remove protector

A: James is right, but with one caveat. Every FINRA firm requires investors to sign arbitration agreements agreeing to have FINRA arbitrators decide the case. FINRA arbitration is a tricky place so make sure any attorney you talk to knows the forum.

A: Under California law, the CEO may have several legal avenues to pursue against the financial advisor and the firm. Given the complexity of the situation, including financial abuse, libel, slander, and potential interference with business relations, multiple causes of action could be considered.

First, the CEO can consider a lawsuit for financial elder abuse, if the senior was manipulated and abused financially. This is especially pertinent if the senior was deemed incompetent and the advisor took advantage of this situation.

Second, for the libel and slanderous statements that harmed the CEO's reputation and personal life, a defamation lawsuit could be filed. In this case, proving the falsity of the statements and their damaging effects is key.

Third, the CEO might have a claim for intentional interference with contractual relations, especially if there's evidence that the advisor's actions directly led to the loss of the CEO’s interest in the family business.

Additionally, if the advisor's actions involved hacking and theft of emails, this could lead to claims related to breach of privacy or violation of cybersecurity laws.

It's crucial to gather all documented evidence and consult with an attorney who has experience in financial fraud, defamation, and business litigation. They can provide guidance on the most effective legal strategies to pursue in order to seek restitution and possibly punitive damages for the harm suffered. Prompt action is advisable given the severity and impact of the situation.