Monthly Archives: July 2016

ATTORNEY NEWSLETTER New Legal Landscape of Elder Law The U.S. House of representative has just approved legislation that would protect financial advisors who report financial elder abuse from lawsuits over breach of privacy. The law is designed to clarify what takes priority when dealing with the finances of the elderly, […]

ATTORNEY NEWSLETTER New Developments in False Claims Act Cases As the end of a Supreme Court session rolls around, attorneys tend to take a moment to recoup, gather the decisions, and take a look at what new features have been added to the landscape of the law. This has been […]

ATTORNEY NEWSLETTER The SEC’s New Approach to Fighting Corporate Crime As the SEC whistleblower program issues a $17 Million reward, the second largest since the creation of the program in 2010, the Securities and Exchange Commission is signaling a clean break with its historic policy of encouraging businesses to police […]

ATTORNEY NEWSLETTER Protecting Elders with Memory Loss One of the most difficult aspects of aging loved ones is the onset of memory and cognition issues. While it may not impact all seniors, the majority have to deal with some level of dementia, Alzheimer’s or other neurological condition. For close family […]

ATTORNEY NEWSLETTER Are annuities as stable as brokers claim? Annuity companies spend a great deal of time, energy, and marketing dollars to build the reputation of their product as a rock-solid investment. They’ve banked on this in their campaign to sell indexed annuities, products that make the impossible claim of […]

ATTORNEY NEWSLETTER The New Landscape of Fee-Based Annuities As the Department of Labor’s new rule comes into effect, requiring insurance and annuity salespeople to act as fiduciaries, financial companies are scrambling to adapt. One way that some companies are trying to deal with this change is to find a loophole […]

The Waiting Game: Why Insurance Salespeople Push Whole Life Insurance There are innumerable options available to a person looking at purchasing a life insurance policy. Universal, indexed, term, etc. While there are issues with many of these types, one in particular has drawn the ire of financial advisors and life […]

ATTORNEY NEWSLETTER Prudential, Jackson National, and the future of the annuity As the Department of Labor requires more insurance brokers to act as fiduciaries, and as FINRA continues its investigation into variable annuities, it’s clear that the increased scrutiny is having a bit of a shriveling effect on the market […]

ATTORNEY NEWSLETTER Understanding the details of Variable Annuities Variable annuities, considered by some financial advisors to be among the most complicated and least understood product of its kinds, have come under increased scrutiny in 2016, as FINRA, the Financial Industry Regulatory Authority, has declared its intention to investigate them more […]

ATTORNEY NEWSLETTER The Avlue and Drawbacks of Indexed Annuities As the Department of Labor’s more stringent annuity rules go into effect, major sellers of both fixed and variable annuities are having to compensate and adjust both their sales tactics and the contents of their policies. While a number of sellers […]