Tim O'Connor's Blog

With the financial markets recovering from their lows of the 2008-2009 financial crisis, millions of investors have returned to the stock market, entrusting hard-earned monies to stock brokers and financial advisors, only to see the trust abused with the churning of their accounts.  Churning involves the repeated purchase and sales of stocks for the sole purpose […]

In the past several years, a number of criminal, regulatory, and civil claims have been filed by victimized investors, who have had monies and assets fraudulently diverted from their variable annuity contracts.  Oftentimes, these variable annuity contracts are held in Individual Retirement Accounts and individual retirement annuity accounts maintained by trusting, unsophisticated investors, who are easily […]

On Wednesday, October 13th, Matthew John Ryan, a former Appointed Agent for The Hartford Life Insurance Company and Nationwide Life Insurance Company, was sentenced to 10 years in prison for his guilty plea relating to the theft of variable annuity contract assets transferred into his control from Hartford and Nationwide variable annuity contracts.  Ryan admitted creating […]

In the past several years, we have seen the theft of millions of dollars of contractual benefits, assets, and coverages from variable annuity contracts issued by prominent, multi-billion-dollar financial services and insurance conglomerates, such as The Hartford and Nationwide Life Insurance Company.  The scheme of the now-convicted felon and Appointed Agent for Hartford Life Insurance […]

Is the Oppenheimer Champion Income Fund class action right for you?  If you have not taken the required steps to opt out of this Fund, you may automatically be included in the Fund, thereby losing your rights to pursue an individualized direct claim against Oppenheimer for losses you have sustained. The financial crisis of September […]