Category: Investment Fraud

ATTORNEY NEWSLETTER California stockbroker fraud attorneys say that the United States government is considering a new rule change that would help prevent stockbroker fraud. The United States government is reportedly considering a rule that would require stockbrokers to put their clients’ interests above their own. This would prevent a stockbroker […]

ATTORNEY NEWSLETTER California life insurance and annuity fraud attorneys warn consumers that insurance policy illustrations may be misleading and create heightened expectations for unrealistic results. Illustrations can be a useful way to demonstrate and understand how a policy, such as an indexed universal life policy (IUL), may work. However, they […]

ATTORNEY NEWSLETTER California securities fraud lawyers want to warn consumers, particularly senior citizens, about various types of securities fraud schemes. Seniors can be prime targets for investment scams and fraud, as they often have excellent credit, own homes, and have a nest egg. One such type of fraud that seniors […]

ATTORNEY NEWSLETTER The Supreme Court’s March 2014 decision in Lawson v. FMR LLC serves as a reminder that the SEC does exercise enforcement jurisdiction over private entities, say San Francisco securities fraud lawyers. In Lawson, the plaintiffs were former employees of private entities that provided investment, advisory, and other services […]

ATTORNEY NEWSLETTER FINRA, the national association of securities traders, has published new research on how financial abuse affects victims. The study aimed to look at financial fraud from the victim’s perspective, including their experiences, reactions, and the potential indirect financial costs and non-financial consequences of being defrauded. The report issued […]

ATTORNEY NEWSLETTER A consumer advisory regarding pension advances has been issued by the Consumer Financial Protection Bureau. A pension advance is a cash advance in exchange for future pension payments. These companies often charge high interest rates and fees. Although it is illegal for lenders to take a military or […]

ATTORNEY NEWSLETTER California insurance fraud attorneys are investigating potential claims against Prudential Life Insurance Company of America related to the sale of deferred annuities and life insurance policies. Deferred annuities, or fixed annuities, are types of long-term investments that often prohibit or preclude withdrawals for at least 10-20 years. Deferred […]

ATTORNEY NEWSLETTER Index Universal Life insurance policies are long-term, fixed investments. As the name suggests, it is a permanent life insurance product. Universal life insurance policies are said to guarantee payments to beneficiaries, once the policy holder dies. AXA Equitable Life, Penn Mutual Life, Midland National, Lincoln Financial, Pacific Life, […]

ATTORNEY NEWSLETTER During the 2014 fiscal year, the government’s whistleblower program has been the most successful yet. According to the New York Times, the Justice Department recovered $5.69 billion for false claims per the False Claims Act in 2014. The two biggest settlements included recovery for faulty mortgages and Medicare […]

ATTORNEY NEWSLETTER A report released by the Financial Conduct Authority in February 2014, said that the annuities market is messy and that customers are not getting the deals they deserve. In response, the government has put a cap on the sale of annuities. This cut to the annuities market has […]