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October 12, 2017
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Blog, Securities Fraud
Investment Losses due to Variable Annuity Switching Have you been a victim of Variable Annuity Switching? If so, The White Law Group may be able to assist you in the recovery of your investment losses. An annuity is a form of insurance that allows for either a fixed sum of money paid to the annuitant …
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March 20, 2014
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Blog, Securities Fraud
Based on recent awards, it appears that variable annuities continue to be a problem in the securities industry. From January 1, 2013 to December 31, 2013 there were 38 decided that at least mentioned variable annuities as an issue in the case. A variable annuity is an insurance contract in which, at the end of
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March 28, 2012
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Blog, Securities Fraud
Cadaret Grant, one of the nation’s largest independent broker-dealers, was recently fined by FINRA and ordered to pay a $200,000 fine, as well as further restitution to investors, for the improper sale of variable annuities to elderly clients. According to the announcement from FINRA, from 2006 to 2008, one of
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March 6, 2012
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Blog, Securities Fraud
The SEC recently announced that it has found that Eric J. Brown, formerly associated with registered broker-dealer Prime Capital Services, Inc., violated various provisions of the Securities Act of 1933 and 1934 by selling variable annuities to elderly customers while failing to disclose material information,
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October 24, 2009
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) announced in April that it has fined Fifth Third Securities, Inc., (FTS) of Cincinnati, OH, $1.75 million for a series of violations related to variable annuity sales and exchanges. FINRA found that Fifth Third Securities made 250 unsuitable sales and exchanges to
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