Shepherd Smith Edwards and Kantas Annuity Loss Attorney Team are representing CB Life Annuity Investors in Massachusetts Against Citizens Securities Broker-Dealer Allegedly Solicited Investors in The Bay State To Invest Beyond Insurance Cap If you are a Massachusetts investor who suffered losses after you were marketed and sold Colorado Bankers…
Are You A Colorado Bankers Life Insurance Annuity Investor Whose Citizens Securities Broker Failed To Disclose The Risks? Broker-Dealer Is Sued Again Over Colorado Bankers Life Insurance Losses If you are a Colorado Bankers Life Insurance annuity investor who worked with a Citizens Securities financial advisor, please contact Shepherd Smith…
Our Colorado Bankers Life Insurance Annuity Fraud Lawyer Team Are Representing Retirees and Other Retail Investors Brokers Breached Duty To Investors When Selling Annuities If you are a retiree or another investor who lost money in Colorado Bankers Life Insurance, the time to explore your legal options is now. For…
An Update for Northstar Financial Services (Bermuda) Investors Our Trusted Annuity Fraud Lawyers Continue to Pursue Brokerage Firms Over Investment Losses In a February 3 letter, Northstar Financial Services (Bermuda) Ltd. (in Liquidation) notified shareholders that the substantive hearing of the Segregation Application will occur from April 24 to May…
Addressing the U.S. Court of Appeals for the District of Columbia Circuit, the Securities and Exchange Commission maintains that a lower court was wrong to deny the agency’s bid to compel the Securities Investor Protection Corporation to act on behalf of investors who were victimized by the Allen R. Stanford…
Two men are accused of Texas securities fraud involving the sale of bogus annuities to the elderly. The authorities arrested Leon Randy Sinclair III, a 53-year-old Houston man, on charges of theft by deception, misapplication of fiduciary property, and money laundering. Sinclair and his San Antonio-based business partner, Luther Pierce…
Thousands have lost in investments into annuities issued by AXA Equitable Life Insurance Co., Nationwide Life Insurance Co., AIG SunAmerica Life Assurance Co., and Variable Annuity Life Insurance Co. A class action was filed on these investors’ behalf, but, as has happened to millions of investors in the last decade,…
Broker-dealers are getting ready to cope with a new rule governing deferred variable annuities (VAs) sales. Rule 2821 by the Financial Industry Regulatory Authority Inc. was finally approved by the Securities and Exchange Commission on September 7. The rule has been in the works since 2004. The official regulatory notice,…
According to the Government Accounting Office (GAO) Americans over 65 hold more than $15 trillion in assets and, with “Baby Boomers” soon reaching retirement age, that figure will likely balloon. As financial firms, including insurance companies, design products aimed at this pot of gold, scam artists lick their chops for…
A judge in The U.S. District Court in Honolulu ruled that those who lost in annuities cannot bring a class-action suit against the annuity insurer, despite potential misleading and deceptive actions by the insurance firm. [Yokoyama et al. vs. Midland National Life Insurance Company.] Lawyers representing the plaintiffs in the…