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Category: Annuities Fraud

Jun 21, 2017 - Annuities by |

Alameda County and California Annuity and FINRA Arbitration Attorneys: Unsuitable Annuities, Fraud and Commissions

ATTORNEY NEWSLETTER Big Commissions on Unsuitable Annuity Exchanges FINRA Cracking Down Annuity salesman love to promote annuity exchanges, urging clients to swap one annuity for another. Big commissions incentivize salesmen for deals unsuitable to clients. For years, the Financial Industry Regulatory Authority (FINRA) has warned investors about the risks of […]

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Jun 12, 2017 - Annuities Fraud by |

Marin County Annuity Fraud and FINRA Arbitration Attorney: Annuity Fraud and FINRA Arbitration

ATTORNEY NEWSLETTER FINRA Gives Individual $1 Million for Annuity Fraud Annuity Fraud Annuity fraud, especially targeting seniors, is a growing problem. Complex annuities are often sold to individuals as retirement investments when they are, in fact, an insurance product often wholly unsuitable to a client’s portfolio or future financial needs. […]

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Jun 7, 2017 - Annuities by |

San Francisco County and California Annuity and FINRA Arbitration Attorneys: Broker Annuity Commissions

ATTORNEY NEWSLETTER The Insatiable Appetite for Commissions Broker Stops At Nothing For Commission Dollars Sales commissions in the life insurance/annuity business are big. Typically, annuity commissions hover at 10% and whole life commissions much higher, at least in the first year of premium payments. In a recent case, a broker […]

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May 9, 2017 - Annuities by |

Alameda Annuity Fraud Attorney: Annuity Sales

ATTORNEY NEWSLETTER And The Numbers Are In… Annuities Annuities, in our opinion, are outdated and unsound investments. According to a recent article, it is possible that investors agree with our reasoning as well, as annuity sales in the fourth quarter have dropped 17% as compared to the year before. This […]

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