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December 11, 2017
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Blog, Current Investigations
L-share Annuity – Investment Losses An L-Share Annuity is a common share class offered by a variable annuity that has a short surrender period but with higher administrative costs. Typically, with an L-Share annuity, you will pay a higher mortality, expense and administration (MEA) fee and likely get a lower
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March 4, 2013
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Blog, Securities Fraud
The White Law Group continues to investigate potential FINRA arbitration claims against the broker-dealers that may have improperly sold Sala-Multi Series Fund and Foresee Strategies Insurance Funds. The hedge funds, Foresee Strategies Insurance Fund, were issued by Sun Life Financial as variable annuity subaccounts
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March 28, 2012
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Blog, Securities Fraud
Wadsworth Investment Co. reportedly has been told by the Connecticut state Department of Banking that it has “…90 days to make changes in its operation or risk losing its broker-dealer registration.” The report from the local news outlet myrecordjournal.com, further indicates that a Feb.7th ruling ordered
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February 6, 2012
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Blog, Securities Fraud
According to a recent release from the Securities and Exchange Commission (SEC), they have “charged the holding company for one of Florida’s largest banks and its top executive with misleading investors about growing problems in one of its significant loan portfolios early in the financial crisis.” The SEC has
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December 15, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) has announced that it has levied a $2 million fine on Wells Fargo Investments, LLC. The fine is related to the sale of reverse convertible securities to more than 20 customers by a former registered representative, Mr. Alfred Chi Chen. The fine also resulted from a
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December 6, 2011
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Blog, Securities Fraud
The USA Today recently ran a story in which they gave some tips on diligently selecting a financial advisor and encouraged investors to conduct research and ask questions prior to selecting one. Their article notes that in today’s investment environment where Ponzi Schemes and other frauds are plentiful, there are
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October 26, 2011
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Blog, Securities Fraud
According the nasaa.org, The North American Securities Administrators Association (NASAA) announced recently “that a settlement in principle has been reached between E*TRADE Securities LLC and state securities regulators to return approximately $100 million to the firm’s clients who have had their funds frozen in
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October 26, 2011
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) recently said in a release that “it has fined UBS Securities LLC $12 million for violating Regulation SHO (Reg SHO) and failing to properly supervise short sales of securities.” UBS has “neither admitted nor denied the charges, but consented to the entry of
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October 25, 2011
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Blog, Securities Fraud
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm. Our firm is dedicated to helping investors in claims against their financial professional or brokerage firm. Our firm is able to help investors who have been the victim
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October 19, 2011
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Blog, Securities Fraud
Have you suffered investment losses in the Foresee Strategies Insurance Funds? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration claims against the brokerage firm or financial professional that recommended the investment. The Foresee Strategies Insurance Funds sustained
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