Category: Consumer fraud

Fidelity Doubles Down on Deferred Annuities ATTORNEY NEWSLETTER Fidelity Investments is stepping up their inclusion of deferred annuities as part of retirement planning. Their move follows a record year for deferred income annuities, with sales at nearly $3 billion, up 22% from the previous year. As sales skyrocket, the only […]

ATTORNEY NEWSLETTER What does it say about the California nursing home industry that they’re rewarding employees with raffle tickets for an iPod if they flood California Medicare & Medicaid Services with comments? Nothing good, certainly. This petty tactic is being deployed by lobbyists for the nursing home industry to try […]

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 not be suitable for all investors, particularly senior citizens. Annuities often have surrender charges, making it difficult […]

ATTORNEY NEWSLETTER Thanks to new legislation recently signed by Governor Jerry Brown, insurance carriers in California will no longer be allowed to levy surrender charges against a policy’s death benefit. California elder abuse attorneys say that the law, which takes effect on January 1, 2016, will protect more senior citizens. […]

ATTORNEY NEWSLETTER The SEC’s Office of Investor Education and Advocacy recently released an Investor Bulletin about Regulation A, which was recently amended to create a new exemption from registration under the Securities Act. Thanks to Regulation A, companies may offer and sell securities to the public but with more limited […]

ATTORNEY NEWSLETTER Annuities are not always a suitable investment for the elderly, and they should educate themselves in order to avoid making a bad investment. Senior citizens hold two-thirds of the wealth in this country and the elderly population is increasing. As a result, elder financial fraud is growing as […]

ATTORNEY NEWSLETTER Affinity fraud is a type of investment scam that targets members of certain groups, such as religious or ethnic communities, or the elderly. It usually involves a fake investment, or an investment where the scammer has left out important details. According to San Francisco consumer fraud attorneys, affinity […]

ATTORNEY NEWSLETTER In her book, Confessions of an RX Drug Pusher, former pharmaceutical sales representative Gwen Olsen is exposing Big Pharma. Olsen says that there is no such thing as a safe drug, and that she and other sales representatives were trained to misinform people, statements that are seemingly supported […]

ATTORNEY NEWSLETTER Indexed universal life (IUL) insurance illustrations often appear compelling, and can outperform traditional universal life (UL) illustrations. However, these illustrations can be misleading and set unrealistic expectations for consumers. It is important that consumers who are considering these policies understand these illustrations in order to make a suitable […]

ATTORNEY NEWSLETTER California stockbroker fraud attorneys want the public to be aware of potential stock tip scams. In one common “stock tip” scheme, people receive a call from a stranger. The message sounds like the caller has accidentally reached the wrong machine, and is leaving a hot investment tip for […]