Florida Fixed and Variable – Deferred and Immediate Annuity – Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney: FAQ’s About Annuities: An annuity is a contract or agreement with an insurance or investment company that provides a source of income or series of payments, from the investment either now or…
Florida Variable and Fixed Annuity, Life and Health Insurance Fraud and Misrepresentation Attorney: In the Matter of: Charlotte Bredal Oliver, Case No.: 140535-13-AG: On September 20, 2013, the Florida Department of Financial Services (“Department”) issued a Consent Order against Charlotte Bredal Oliver, which, in part, required the Respondent to surrender…
Variable Annuity Misrepresentation – Florida Litigation and Arbitration Attorney: In the Matter of: Matthew Watson Shaw, Administrative Case No: 139968-13-AG: On September 4, 2013, the Florida Department of Financial Services entered a Consent Order against Matthew Watson Shaw, which was based upon a Settlement Agreement for Consent Order dated August…
Fixed-Income Abuse, Fraud and Misrepresentation, Florida FINRA Arbitration and Litigation Attorney: A fixed-income investment refers to a security or other type of investment that pays a fixed return. Types of investments that generally fall within this category are government, corporate, or municipal bonds, which pay a fixed rate of interest…
Edward Antonio Salazar aka Ted Salazar – Registered Representative, Houston, Texas: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to…
SEC Charges Husband and Wife in Florida with Defrauding Seniors Investing in Purported Charity The Securities and Exchange Commission recently charged a husband and wife who raised millions of dollars selling investments for a purported charitable organization in Tallahassee, Fla., while defrauding senior citizens and significantly exaggerating the amount of…
Brett Henderson – Registered Representative, North Salt Lake City, Utah: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to…
Kenneth Richard Doctor – Registered Representative, Muskegon, Michigan: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and…
MassMutual to Pay $1.625 Million after SEC Investigation Highlights Prior Insufficient Disclosures about Annuity Product MassMutual Changes Product Before Any Investors Harmed The Securities and Exchange Commission recently charged Massachusetts Mutual Life Insurance Company with securities law violations for failing to sufficiently disclose the potential negative impact of a “cap”…
Elder and Senior Investor Alert: Free Meal Seminars – Broker/Dealer Fraud, Mismanagement and Negligent Supervision Florida FINRA Arbitration and Litigation Attorney Free Lunch Seminars, Misleading Professional “Senior Specialist” Designations and Abuse Sales Practices: State securities regulators warn senior investors to be aware that a combination of “free lunch” seminars, misleading…