As an advocate for investors we are constantly looking for ways to get information out to the investing public about securities fraud practices and how investors can protect themselves. The following is a video about securities regulation issues and risk involved with the sale of variable annuities. If you are concerned about your investments or [...]
FINRA recently today that it has ordered SunTrust Investment Services, Inc. of Atlanta, GA, to pay $1.44 million to resolve charges related to unsuitable unit investment trust (UIT), closed-end fund (CEF) and mutual fund transactions. Of that amount, $900,000 is a fine that includes nearly $224,000 in disgorgement of commissions earned on the unsuitable trades. [...]
The White Law Group is investigating a possible securities fraud claim on behalf an West Memphis, Arkansas investor involving former UBS Financial Services financial advisor Stephen Weatherly. Specifically, we are investigating whether Mr. Weatherly improperly recommended that the retired investor invest a significant portion of his life savings in a AXA variable annuity. Not only [...]
The White Law Group is investigating a possible securities fraud claim on behalf an investor involving former Raymond James financial advisor Denis Johnson. Specifically, we are investigating whether Mr. Johnson improperly recommended that the retired investor invest a significant portion of her life savings in a Jackson National variable annuity. Not only did the variable [...]
The White Law Group is investigating a possible securities fraud claim on behalf on an investor involving Northern Trust Securities, Inc. / Vision Investment Services, Inc. financial advisor Marc Brock. Specifically, we are investigating whether Northern Trust / Vision Investment Services failed to supervise Brock’s recommendation that the investor purchase a Pacific Life variable annuity [...]
The White Law Group is investigating investment recommendations made by Signator Investors financial advisor Harris Adams. Specifically, we are investigating whether Mr. Adams inappropriately recommended that a retired investor sell one annuity and purchase a replacement annuity (often referred to as annuity switching), while also failing to disclose the tax implications of such a recommendation. [...]
FINRA recently announced that Jennifer Evelyn Cheeseman, a former financial advisor with NY Life Securities in Stapleton, Alabama, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Cheeseman consented to the described sanctions and to findings that she altered term life insurance policies in order to [...]
The White Law Group is investigating the variable annuity sales practices of former ING financial advisor Greg H. Miller on behalf of an investor who was inappropriately sold a large ING variable annuity policy by Mr. Miller. Based on our preliminary investigation, it appears that Mr. Miller conducted a revocable trust seminar and then, after [...]