Month: January 2012
Immediate Annuities? FINRA Cautions Seniors on Immediate Annuity Fraud.
Although immediate annuities are oftentimes sold as a simple, straightforward, guaranteed investment, they can be packaged with many different forms and features. For example, Immediate annuities such as variable annuities are hybrid products, given their dual characteristics of being both insurance products and securities products. Immediate annuities and immediate annuity products packaged in a variable […]
Read PostTHE RIGHTS OF INVESTORS PREVAIL IN NEW YORK STATE COURT OF APPEALS (ASSURED GUARANTY (UK), LTD. V. JP MORGAN INVESTMENT MANAGEMENT, INC.)
New York small investors score victory in Assured Guaranty (UK), Ltd. v. J.P. Morgan Investment Management, Inc. As a follow up to our earlier blog dated August 1, 2011, on December 20, 2011 New York State Court of Appeals affirmed the order of the lower court dismissing the efforts of J.P. Morgan Investment Management, Inc., […]
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