Posts belonging to Category Insurance Products
Posted by Page PerryonSeptember 26, 2011
The time is ripe for financial scammers who seek to take advantage of senior investors. Recently a 76-year-old Texas insurance agent was sentenced to up to 15 years for selling fake annuities to other elderly investors. The scammer in this case just happened to be the same age as many of his elderly victims. Mr. […]
Categories: Affinity Fraud, Alternative Investments, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Insurance Products, Investigations, Investment Advisers, Investor Alerts, Ponzi Schemes, Private Investments/Reg D, Promissory Notes, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonSeptember 23, 2011
Investors, especially in retirement accounts, are pouring money into so-called “stable value funds” but the stability of those funds is not as advertised. The funds are often sold as higher-yielding money market funds, but they lack the safety and stability of a money market fund. Also, the higher-than-money-market yield and stability come at a price […]
Categories: Alternative Investments, Brokerage Firms, Insurance Products, Investigations, Investment Advisers, Investor Alerts, Money Market Funds, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonAugust 15, 2011
More than a year after it was created by the Dodd-Frank financial reform act, the U.S. Securities and Exchange Commission (SEC) opened its Office of the Whistleblower on August 12, 2011. According to a statement released by SEC Director of Enforcement Robert Khuzami, “early and quick law enforcement action is the key to preventing securities […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Financial Industry Whistleblowers, Insurance Products, Investment Advisers, Ponzi Schemes, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonJune 20, 2011
Renown Yale economist Robert Shiller recently issued two warnings that investors should carefully evaluate. Shiller is well known for predicting both the recent housing crash that began in 2006 and the tech crash in 2000-2001. While investors should always be skeptical of predictions, Shiller’s track record is such that his predictions are worthy of consideration. […]
Categories: Brokerage Firms, Economy, Employment Issues, Insurance Products, Investment Advisers, Investor Alerts, Market Developments, Securities, Smart Investing Tools
Posted by Page PerryonJune 4, 2011
Sales of deferred variable annuities have increased since the 2008 market crash as investors wary of the stock market are lured by promises of guaranteed lifetime income and protection against market declines, according to a Bloomberg article by Margaret Collins entitled “Lifetime-Income Promise Fuels Surge in Variable Annuity Sales.” But many financial advisors are not […]
Categories: Brokerage Firms, Early Retirement Scams, Insurance Products, Investment Advisers, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonMay 20, 2011
Daniel Indiviglio writes that Wall Street is designing a new derivative that would allow purchasers to hedge against longevity risk (or speculate on it) in his article entitled “Death Derivatives: Has Wall Street Finally Gone Too Far?” in the Atlantic.
Categories: Brokerage Firms, Elder Abuses, Insurance Products, Investment Advisers, Life Policies/Viatical Settlements, Market Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation
Posted by Page PerryonMay 14, 2011
Life Partners Holdings, Inc. and its two top officers have received a Wells notice from the Securities and Exchange Commission informing them that the SEC staff intends to recommend a civil enforcement action against them for allegedly misrepresenting the life expectancies of insureds whose life insurance policies it sold to retail investors, according to a […]
Categories: Brokerage Firms, Insurance Products, Investment Advisers, Life Policies/Viatical Settlements, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonApril 27, 2011
As the elder population increases, various forms of elder abuse are on the rise. This includes investment fraud and outright theft. Scam artists especially target senior citizens who have seen their investment portfolios decline in value.
Categories: Brokerage Firms, Early Retirement Scams, Elder Abuses, ERISA Fiduciaries and Claims, Insurance Products, Investment Advisers, Investor Alerts, Market Developments, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools
Posted by Page PerryonMarch 14, 2011
Zeke Faux’s Bloomberg article, “Indexed Annuities Can Yield Surprises,” focuses on complexity of the contracts that obscure high fees and long lock-up periods, and the fact that investors do not understand these products.
Categories: Brokerage Firms, Common Securities Broker Abuses, Insurance Products, Investment Advisers, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonFebruary 25, 2011
Bloomberg commentator Susan Antilla smells a rat. Wall Street is “fighting full-tilt” against the SEC’s whistleblower proposal that would tend to expose hidden wrongdoing. The SEC is “barraged” with their objections. “That’s not how people behave unless they’re hiding something,” Ms. Antilla says in her Bloomberg.com article, “Madoff Repeat Odds Rise With Neutered Watchdog’.”
Categories: Brokerage Firms, Employment Issues, Financial Industry Whistleblowers, Insurance Products, Investment Advisers, Regulatory Developments, Securities/Commodities Arbitration, Securities/Commodities Litigation