Category: Evans Law Firm

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 Morgan Stanley broker Steven Mark Wyatt of unauthorized and excessive stock-market trading. According to the lawyer for the […]

ATTORNEY NEWSLETTER Consumers purchasing annuities or indexed universal life insurance policies should carefully review the policy, and research the risks involved in purchasing this type of investment. Aviva USA, and its parent company, Athene USA, is one of the biggest providers of annuities and life insurance products, including Indexed Universal […]

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 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 sentenced to more than nine years in prison and ordered to pay $3.4 million in restitution for […]

ATTORNEY NEWSLETTER Elder abuse is widespread in our society, but there is increased awareness of the issue and the forms of abuse, and resources to help. California elder abuse lawyers say that it can be difficult to recognize the signs of elder abuse. Abuse is often committed by family members, […]

ATTORNEY NEWSLETTER Two pharmaceutical companies, AstraZeneca and Teva Pharmaceutical’s Cephalon unit, have settled with the government after facing claims about rebates underpayment to Medicaid programs. The two companies have agreed to pay over 50 million dollars as a result of the Medicaid fraud allegations. This is one of the latest […]

ATTORNEY NEWSLETTER Humboldt County’s skilled nursing facilities have been closing their doors to patients. Many patients have had to leave the county to find another facilities. The organization that owns most of the skilled nursing facilities in the area announced that it will no longer accept patients from St. Joseph’s […]

ATTORNEY NEWSLETTER According to a Santa Rosa police sergeant, the Santa Rosa police recently arrested a self-employed counselor for elderly clients on suspicion of financial elder abuse. The suspect is accused of stealing $26,000 from an elderly client over four months. According to Santa Rosa Police Sgt. Lisa Banayat, the […]

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 given by the SEC whistleblower program thus far. The whistleblower’s tip led to related actions, and gave very […]