Posts belonging to Category Insurance Products
Posted by Alan PerryonMarch 18, 2013
Danger lies ahead for investors in structured products. Structured products were once used only by institutions and sophisticated investors that had the education, training and experience needed to fully understand these complex and opaque alternative investments. Over the past several years, however, structured products have been sold to individual investors, who do not understand the […]
Categories: A General Overview, Alternative Investments, Brokerage Firms, Closed End Funds, Common Securities Broker Abuses, Derivatives, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange Traded Products (ETPs), Fairness/Just & Equitable Conduct, Hedge Funds, High Yield (Junk) Bonds, Insurance Products, Investment Advisers, Investment Malpractice, Investor Alerts, Lehman Brothers, Limited Partnerships, Misrepresentation/Omission, Nontraded REITs, Oil & Gas, Private Equity Investments, Private Investments/Reg D, Promissory Notes, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Structured Notes, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
Posted by Alan PerryonFebruary 25, 2013
On February 8, 2013, a Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Deutsche Bank and its former registered representative, Karl Hahn, to pay $934,000 to a couple who had sought to recover $2,193,931 for losses associated with the improper sale of premium-financed life insurance. The award included $100,000 in attorney’s fees. Hahn worked in […]
Categories: Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Deutsche Bank, Early Retirement Scams, Fairness/Just & Equitable Conduct, Insurance Products, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations
Posted by Page PerryonNovember 23, 2012
MassMutual failed to disclose risks associated with certain Guaranteed Minimum Income Benefit riders (specifically its GMIB 5 and GMIB 6 riders) and must now pay $1.65 million to settle SEC charges that it misled variable annuity investors.
Categories: Brokerage Firms, Common Securities Broker Abuses, Insurance Products, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, SEC Whistleblowers, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonOctober 18, 2012
The recent actions of errors and omissions insurance carriers should serve as a major red flag to investors. Many of these carriers are refusing to issue coverage for sales of certain alternative investments. In other words, these carriers have determined that the risk of loss associated with the sale of certain alternative investments is too […]
Categories: Alternative Funds, Alternative Investments, Brokerage Firms, CDOs, Closed End Funds, Common Securities Broker Abuses, Derivatives, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange Traded Products (ETPs), Exchange-Traded Funds (ETFs), Fairness/Just & Equitable Conduct, Hedge Funds, High Yield (Junk) Bonds, Insurance Products, Investment Advisers, Investment Malpractice, Investor Alerts, Limited Partnerships, Misrepresentation/Omission, Non-Traded Business Development Companies, Nontraded REITs, Oil & Gas, Private Equity Investments, Private Investments/Reg D, Promissory Notes, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Supervisory Failures, Tenant-in-Common Interests, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonOctober 11, 2012
Variable annuities have long been criticized as one of the worst investment choices ever. Complicated, costly, and Illiquid by virtue of surrender penalties, variable annuities offer investors less benefit than traditional investments that can bought without the expensive insurance company wrapper, according to many experts.
Categories: Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonSeptember 17, 2012
A recent study on U.S. investment advisory firms is out and it is a shocker. Collectively, such firms manage nearly $50 trillion in assets. The majority of them (54%) have significant regulatory violations or conflicts of interest that should give pause to prudent investors. (“An Ethics Test Your Adviser Might Not Pass ? New research […]
Categories: Fairness/Just & Equitable Conduct, Insurance Products, Investment Advisers, Investment Malpractice, Investor Alerts, Market Developments, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonAugust 28, 2012
Investment advisers and their firms are facing increased scrutiny from state regulators following enactment of the Dodd-Frank financial reform act and the high profile press coverage of the Madoff ponzi scheme and other fraudulent activities. The number of regulatory enforcement actions against investment advisers increased by 100 percent in 2011. Regulators are on the lookout […]
Categories: Affinity Fraud, Common Securities Broker Abuses, Crowd Funding, Early Retirement Scams, Elder Abuses, Exchange Traded Notes (ETNs), Exchange-Traded Funds (ETFs), Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Oil & Gas, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonAugust 23, 2012
Financial exploitation of older Americans is a big problem and it is getting bigger. An article by Wall Street Journal columnist Kelly Greene points out that senior citizens are “very vulnerable” to fraud and refers to a recent study by the Investor Protection Trust. The study polled hundreds of regulators, financial planners, healthcare professionals, social […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Ponzi Schemes, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
Posted by Page PerryonAugust 22, 2012
New types of scams are posing threats to investor well-being. The North American Securities Administrators Association (NASAA), a group of state securities regulators) has identified four new types of fraud to go along with the 6 persistent fraud threats that round out their Top Ten Threats to Investors.
Categories: A General Overview, Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Crowd Funding, Early Retirement Scams, Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Nontraded REITs, Oil & Gas, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Tenant-in-Common Interests, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJuly 9, 2012
Many retirees are facing a bet-your-future decision fraught with significant risks as pension plans offer participants a one-time lump sum payout in exchange for giving up their monthly checks for life. Ford Motor Co. and General Motors Co. made headlines recently when they made that offer to their 130,000 nonunion retirees. With pension liabilities at […]
Categories: Affinity Fraud, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Fairness/Just & Equitable Conduct, Insurance Products, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Misrepresentation/Omission, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Unsuitable Recommendations
