A group of activist seniors wants Great Western Financial Corp.'s board of directors to either address their complaints about deceptive investment sales practices - or put the thrift's brokerage on the block.

Seniors Against Investment Fraud, a 300-member California-based group of retirees, has a slate of directors ready to run for seats on the board of the Chatsworth, Calif., thrift if its response is not satisfactory, a lawyer for the group said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.