Category: Investment Fraud

ATTORNEY NEWSLETTER Commodity Futures Trading Commission Whistleblower Program Futures and derivatives trading played a major part in this country’s financial crisis of 2008. Some of that trading was based on misrepresentations and fraud.  The Commodity Futures Trading Commission (CFTC) oversees futures, options, currency and derivatives trading in the United States […]

ATTORNEY NEWSLETTER California Insurance Code 1871.7 One of the primary aims of the California Insurance Code is to protect individuals from insurance fraud. As a part of that Code, the California Insurance Frauds Prevention Act (“IFPA”) allows anyone to file whistleblower lawsuits against any company engaging in insurance fraud. Indeed, […]

ATTORNEY NEWSLETTER Are Indexed Annuities Just Over-Our-Heads Difficult? Indexed Annuities Annuities are complex financial instruments. So-called indexed annuities are even more complicated. Yet, these investments are made quite often, which means people could be investing in a product they simply do not understand. And the stakes are incredibly high; often […]

ATTORNEY NEWSLETTER Legal Issues Surrounding an Aging Population Many of the major shifts in American society in the last half century can be attributed, directly or indirectly, to the baby boomer generation. It’s been known for years that as that generation ages, it will lead to major changes in employment, […]

California Annuity Fraud Attorneys Discuss Transparency in Annuities ATTORNEY NEWSLETTER If you or someone you know is the owner of an annuity, you know firsthand exactly how confusing and complex those products can be. Buying one involves mountains of paperwork and piles of money. Annuities are major investments, and some […]

ATTORNEY NEWSLETTER The IRS Whistleblower Reward Increased in Fiscal 2016 The IRS announced that rewards paid to whistleblowers from October 1st, 2015 to September 30, 2016 will have a 6.8 percent deduction. There is a similar deduction from the award every year, typically taken to pay outstanding government debts, and […]

ATTORNEY NEWSLETTER Why We Can Hate Annuities We can hate annuities because the broke-dealers sale these financial products even though these investments could be harmful for the customers. Indeed, the broke-dealers do not have any legal obligation to give the best advice in the interest of their customers. Furthermore, they […]

ATTORNEY NEWSLETTER The SEC wants to alert the individuals receiving compensation from insurance companies after natural disasters like hurricanes, floods, oil spills, and fires that they may be targets of investment fraud. This compensation gives rise to investment scams and takes many forms. There are the classic Ponzi schemes where […]

ATTORNEY NEWSLETTER It’s tempting to see retirement saving as a viable way to get big returns off Wall St. investment, to provide a hefty sum for potential medical costs, caretaking, and passing on to the next generation of your family. But the cost of big returns is big risks, and […]

ATTORNEY NEWSLETTER An increasing number of seniors have been adding risky financial products to their retirement finances, guided by so-called “elder financial planners” and other shysters looking to make some money out of seniors’ life savings. One of their methods is to sell retirees a deferred annuity. The idea is […]