Category: Uncategorized

ATTORNEY NEWSLETTER Think Twice Before Buying an Annuity If you are over 60 and nearing retirement, you may be losing sleep over whether you’ll have enough income for your retirement years from your combination of pension benefits, Social Security, and personal retirement savings. Insurance agents and advisors, who stand to […]

ATTORNEY NEWSLETTER New FINRA Rule 2165 and Suspicions of Financial Elder Abuse Regulators are finally addressing the epidemic of financial elder abuse in this country. Among those regulatory agencies is the Financial Industry Regulatory Authority (FINRA), the independent body that polices the nation’s financial industry. FINRA recently promulgated Rule 2165 […]

ATTORNEY NEWSLETTER Understanding Annuities If you are over 60 and nearing retirement, the question of whether you should purchase an annuity as part of your retirement savings plan is likely to come up. Insurance agents and advisors, who stand to make a commission on any sale, promote annuities as important […]

ATTORNEY NEWSLETTER Securities and Exchange Commission Pays Record Whistleblower Awards The U.S. Securities and Exchange Commission (SEC) has awarded a record $ 83 million to three whistleblowers tied to a 2016 settlement with Bank of America Corp’s Merrill Lynch brokerage unit. An attorney representing the whistleblowers said their clients tipped […]

ATTORNEY NEWSLETTER Financial Elder Abuse Millions of seniors are victims of financial elder abuse every year in this country. Most cases, according to reports, go unreported because the victim is embarrassed or ashamed by what has happened, or because they suffer from cognitive impairment and are unaware of the abuse. […]

ATTORNEY NEWSLETTER Fixed Indexed Annuities and the Fiduciary Rule Putting You First In a victory for consumers, the US Court of Appeals for the Tenth Circuit recently upheld the Department of Labor’s (DOL) fiduciary rule as it applies to insurance agents and advisors recommending fixed indexed annuities to customers. The […]

ATTORNEY NEWSLETTER  Government Agencies and the Fiduciary Rule Putting You First Last year, the Department of Labor (DOL) announced its fiduciary rule which applies primarily to retirement investment advisors; the rule requires your advisor to put your interests first when it comes to retirement savings recommendations. Recently, the Securities and […]

ATTORNEY NEWSLETTER Financial Elder Abuse And Annuities Financial elder abuse takes many forms and comes from many different directions. Unscrupulous insurance agents are among the financial predators of seniors.  In a recent publicized case[1] from San Diego, an insurance agent is facing criminal charges for churning annuities he sold to […]

ATTORNEY NEWSLETTER Financial Elder Abuse Senior victims of financial elder abuse are frequently targets of abuse from the very people they have entrusted to care for them or manage their financial affairs once they have lost the ability to manage for themselves. Courts often characterize the relationship between the senior […]

ATTORNEY NEWSLETTER RiverSource Life Insurance Company Deferred Annuities The financial elder abuse and annuity attorneys at Evans Law Firm Inc. represent clients who have suffered losses on all types of annuity contracts, including fixed, indexed, and variable deferred annuities. These contracts charge sales commissions, rider fees and other benefit charges, […]