Posts belonging to Category Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJune 10, 2011
The securities regulator for Illinois has revoked the licenses of two investment adviser representatives, who are supposed to be fiduciaries, for recommending that elderly clients partially liquidate variable annuities in order to purchase equity index annuities, so that the reps could receive hundreds of thousands of dollars in commissions, according to Darla Mercado’s InvestmentNews article […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Disciplinary Actions, Elder Abuses, Investigations, Investment Advisers, Investor Alerts, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Variable Annuities and Equity-Indexed Annuities
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 PerryonApril 26, 2011
Securities regulators all agree that exploitation of retirees is a significant and growing problem. According to the U.S. Securities and Exchange Commission, 40 million Americans are age 65 or older, and that number will be 89 million in 2050. Seniors make up 15% of the U.S. population but 30% of fraud victims.
Categories: Asset Backed Securities, Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Exchange-Traded Funds (ETFs), Investigations, Investment Advisers, Investor Alerts, Life Policies/Viatical Settlements, Private Investments/Reg D, Promissory Notes, Regulatory Developments, Reverse Convertibles, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Structured Notes, Tenant-in-Common Interests, Variable Annuities and Equity-Indexed Annuities
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 PerryonMarch 3, 2011
The SEC defines “churning” as “the excessive buying and selling of securities in your account by your broker, for the purpose of generating commissions and without regard to your investment objectives.” If your broker has been aggressively trading your account (or urging you to trade your account) directing a high volume of trades that make […]
Categories: Brokerage Firms, Churning, Common Securities Broker Abuses, Elder Abuses, Exchange-Traded Funds (ETFs), Investment Advisers, Investment Malpractice, Mutual Funds, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Stockbroker Standards of Conduct, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonFebruary 3, 2011
Sales of indexed annuities to seniors is a form of senior financial abuse. That is what experts are saying about the product that is being aggressively and successfully marketed to seniors. See “Indexed annuities ‘terrible idea’ for seniors, says Wharton prof,” InvestmentNews, Jan. 24, 2011.
Categories: Brokerage Firms, Early Retirement Scams, Elder Abuses, Insurance Products, Investment Advisers, Investor Alerts, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJanuary 27, 2011
The Securities and Exchange Commission recently recommended that stockbrokers be required to put the interest of their clients in front of the stockbroker’s bottom line. However, stockbrokers are not the only advisors who put themselves first, according to an article by Anna Maria Andriotis of SmartMoney.com. Advisors from all different spectrums have incentives in selling […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Insurance Products, Investment Advisers, Investment Malpractice, Securities/Commodities Arbitration, Securities/Commodities Litigation, Stockbroker Standards of Conduct, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJanuary 26, 2011
Zeke Faux’s Bloomberg article, “Indexed Annuities Obscure Fees as Sellers Earn Trip to Disney,” focuses on the undisclosed fees and perks that incentivize agents to gloss over negatives like substantial surrender charges that penalize purchasers who might need to sell the product to meet an unexpected expense.
Categories: Brokerage Firms, Common Securities Broker Abuses, Early Retirement Scams, Elder Abuses, Insurance Products, Investor Alerts, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Variable Annuities and Equity-Indexed Annuities
Posted by Page PerryonJanuary 21, 2011
Beware of index deferred annuities, says Lisa Gibbs in her CNNMoney article, “Index annuities are a safety trap.” If your goal is to protect principal, you give up too much for that protection in an index annuity; there are better ways to do it, according to the article. Index annuities account for a disproportionately large […]
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 PerryonNovember 30, 2010
Beware of equity indexed annuities, says Forbes Investment Guide. If your goal is to protect principal, you give up too much for that protection in an equity indexed annuity; there are better ways to do it, according to a Forbes article by William P. Barrett entitled “Protection Racket.”
Categories: Brokerage Firms, Insurance Products, Investment Advisers, Market Developments, Regulatory Developments, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Smart Investing Tools, Variable Annuities and Equity-Indexed Annuities
