Variable Annuity Ponzi Schemes

Stockbroker Law - Tuesday, February 22, 2011
Variable Annuity Ponzi Schemes

Most recently, we have seen a number of separate schemes involving the fraudulent transfer of monies out of legitimate individual retirement annuities and variable annuity-type accounts into a bogus corporation. 

In such a scheme, the sales agent appointed by the respective insurance companies has exploited weaknesses in the supervisory, compliance, managerial and administrative systems at the brokerage firms and insurance companies involved, transferring millions of dollars for his own personal gain, without detection. 


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Qualified Domestic Relations Orders (QDRO) and Financial Firms

Stockbroker Law - Tuesday, February 22, 2011
Qualified Domestic Relations Orders (QDRO) and Financial Firms

Qualified Domestic Relations Orders (QDRO) are judgments issued by a judge in a divorce (equitable distribution) proceeding, ordering the freezing of retirement-type accounts, such as IRA’s, 401K’s, 403(b)’s, pension plans, and retirement annuities. 

Financial firms are required to adhere to the directives of these orders, but oftentimes fail to assure the proper protection and safeguarding of monies and assets in these accounts, thereby permitting a spouse to deplete the assets to the harm of the innocent spouse, who has otherwise been afforded protections under the terms of the order. 

 


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Margin Trading

Stockbroker Law - Tuesday, February 22, 2011
Margin Trading

Margin trading involves the purchase of investments, such as stocks and mutual funds, in an existing investment account, using leveraging, i.e. monies borrowed against other existing investments in your investment account.  Investors who purchase additional investments on margin are charged margin interest for the amount of the funds borrowed and can also expose themselves to enhanced downside losses in the event of a decline in the financial markets.
   


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FINRA Issues Warnings Regarding Financial Advisors Working Out of Branch Banks

Stockbroker Law - Friday, February 11, 2011
FINRA Issues Warnings Regarding Financial Advisors Working Out of Branch Banks

The Financial Industry Regulatory Authority (FINRA) has issued a number of notices and opinions designed to protect small investors from confusion when dealing with stockbrokers and financial advisors working out of retail bank branches.  


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Winners of Personal Injury Lawsuits are Often Losers with Financial Advisors - Know Your Rights!

Stockbroker Law - Tuesday, February 08, 2011
Winners of Personal Injury Lawsuits are Often Losers with Financial Advisors - Know Your Rights!

 


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Investment & Broker
Misconduct

Investment Misconduct

Whistleblowers
 

Whistleblowers

Private Company
Disputes

Private Company Disputes

Personal
Injury

Personal Injury