Month: February 2018

VIX ETF’s Wreak Havoc on Small Investors

The market volatility of the first half of February of this year has seen small investors lose hundreds of millions of dollars in VIX ETF’s they should never have been invested in the first place.  These unsuitable VIX ETF’s and investments include: VelocityShares Daily 2X VIX Short-Term ETN (TVIX) ProShares Short VIX Short-Term Futures (SVXY) […]

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Insurance Department Regulation No. 60 Violations Harm New York State Investors

New York State Investors who have purchased insurance contracts have been subject to unnecessary requirements imposed by replaced insurers on replacing insurers.  This fraudulent tactic includes the improper, suggested requirement of the provision of non-required documents and information purportedly needed to complete a Disclosure Statement as required under Department Regulation No. 60. Unfortunately, replaced insurers […]

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