ATTORNEY NEWSLETTER A Financial Industry Regulatory Authority (FINRA) arbitration panel recently ordered Morgan Stanley to pay $2.4 million to a group of physicians and their family members. The physicians had accused former...
Category: Investment Fraud
Consumers Should Carefully Review Annuity Purchases from Transamerica Life Insurance Company
August 4, 2015
ATTORNEY NEWSLETTER It is recommended that consumers carefully review any policy and consider their options before purchasing any annuity policy. Annuities are complex products that often have hidden fees and costs, and may...
California Annuities Fraud Case Illustrates Danger of Financial Elder Abuse in Annuities Purchases
July 30, 2015
ATTORNEY NEWSLETTER A recent annuity fraud case in California illustrates the danger that annuities can pose to people’s finances, especially when it comes senior citizens. An insurance agent in Palm Desert was recently...
ATTORNEY NEWSLETTER The Securities and Exchange Commission paid out $3 million to a whistleblower who helped the commission crack a complex fraud case. The whistleblower, a company insider, received the third-highest award...
IRS Whistleblower Awards Released for 2014; Award Amounts Expected to Increase This Year
July 16, 2015
ATTORNEY NEWSLETTER The Internal Revenue Service recently released their 2014 annual report to Congress on its whistleblower program. Although awards paid by the IRS whistleblower program decreased in 2014, the agency expects...