Posted May 29, 2018 by robyn
Dishonest annuity agents will stop at nothing to sell you their products. They will put you through high-pressure sales meetings, tempt you with signing bonuses and push you into today-only offers. They’ll use the simplest of terms to describe difficult-to-understand annuity contracts so you don’t know what you’re really getting into. And, if you ask about penalties and withdrawal fees, they’ll downplay play them like they’ll never apply to your situation. At the end of […]
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Posted May 17, 2018 by robyn
Dishonest annuity agents love to target retirees and people close to retirement. That’s because retirees have a lifetime’s worth of savings to invest. So, the bigger the investment, the bigger the commission for the agent. There are a lot more characteristics that annuity scam artists look for. Some are inexperienced investors, people with large 401(k)s and people who are mentally ill. Do you or your loved one fall into one of these categories? Could An Annuity Scam […]
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Posted March 12, 2018 by robyn
Smart and prudent investors rely on their financial advisors for the best investment recommendations. Nevertheless, advisors in these circumstances cannot recommend investments that their clients don’t understand. Imagine that a 50-year-old doctor goes to an investment advisor with the objective of “speculative growth.” The advisor starts trading puts and calls based on future price expectations; however, the doctor has never traded options before and he doesn’t fully understand the risks involved. As he watches his […]
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Posted February 5, 2018 by robyn
Was your loved one the victim of financial abuse? Perhaps an unscrupulous party took advantage of your mother or father’s age and financial situation. Even worse, maybe the stockbroker in charge of your parent’s financial accounts failed to take action to stop the abuse. These kinds of scenarios are a lot more common than you might think. Fortunately, a new FINRA rule is trying to make them a thing of the past. On Feb. 5, […]
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Posted January 15, 2018 by jeremy
Churning happens when a stockbroker makes a large number of unnecessary trades in a client’s account — just to generate commissions. Churning was more common in the past, 30 or 40 years ago, but it still happens today. In fact, on January 8, the results of two churning cases came to light. Arbitrators from the Financial Industry Regulatory Authority (FINRA) ruled against the stockbrokers in two churning cases. Recent Churning Claims Won by Investors In […]
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