In the past ten years, a number of large upstate banks have aggressively pursued the sales of speculative variable annuity, trust services, and investment product sales to bank depositors, who had formerly been invested primarily in safe certificates of deposit and other cash-nominated investments. Unfortunately, many bank depositors are lulled into a false sense of […]
Read PostTim O'Connor's Blog
Private Placement Scams – Be Careful!
We have been representing a number of hardworking individuals approaching retirement age, who have been convinced to place a significant portion of their life savings in shady private placement investments. Private placements are generally illiquid and unmarketable investments usually designed for high net worth individuals. Investors in private placements are generally required by Regulation D […]
Read PostBeware of Ponzi Schemes and Theft of Monies from Individual Retirement Annuities, IRA Accounts and Variable Annuities
In the past year we have seen theft and embezzlement schemes whereby monies in IRA retirement accounts have been stolen by financial advisers with the diversion of monies from legitimate financial institutions. These accounts have been wrongfully transferred from accounts with The Hartford, Nationwide, MetLife, and SunLife America/Sun Life Financial. In each of these instances, […]
Read PostRetirement Fixed Annuity or Rollover?
Many private employers in Upstate New York (National Grid, Finch Pruyn Paper, Kraft, Alcoa, to name a few) offer retirees two main retirement benefits options – a fixed annuity or a lump sum rollover. Fixed annuities are usually guaranteed payments for life, which can also be structured for payouts to surviving spouses. A rollover on […]
Read PostHave a Question?
Quick Contact
"*" indicates required fields
Recent
Blog Posts
- A Successful Will Contest
- SEC Issues Required Investor Disclosures for Variable Annuities and Variable Life Insurance Contracts
- Airbnb Guest Injuries
- Morgan Stanley Smith Barney Agrees to $5,000,000 Settlement Fund to Benefit Harmed Investors
- Will Contests – Have You Been Shorted by Trickery Involving a Loved One’s Estate?