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Author: prwlegal201

Published by The Wall Street Journal By Jean Eaglesham and Coulter Jones Nov. 17, 2018 8:00 a.m. ET --- Brokers with scrubbed records are more likely to generate complaints, two academics found Thousands of brokers have scrubbed their records clean of complaints by customers and employers, allowing them to hide information from potential...

Published by The Wall Street Journal By Ben Eisen and Lisa Beilfuss Oct. 27, 2018 12:00 p.m. ET --- Annuity sales were $59.5 billion from April to June, the highest since late 2015 A retirement investment product associated with steak-dinner sales pitches is flourishing thanks to the death of a regulation once expected...

Published by Pittsburgh Post-Gazettte August 27, 2018 at 8:00 AM By LEN BOSELOVIC Scott Kohn, an ex-felon who orchestrated a nationwide scheme that victimized retirees as well as investors seeking safe monthly income, is nowhere to be found. Investigators from Pennsylvania’s Department of Banking and Securities trying to enforce a...

Published by 401K Specialist Magazine August 24, 2018 By Jessa Claeys Ex-con supposedly paid commissions to financial agents peddling 'structured cash flows' to retirees   A group of insurance agents, brokers, financial planners and investment advisory firms spanning the country were working together to allegedly scam thousands of investors out of...

Published by Think Advisor August 24, 2018 at 11:13 AM By Melanie Waddell An “eager and complicit network" of brokers and advisors made the scam possible, said attorney Joseph Peiffer.   A series of lawsuits were filed nationwide Thursday in a bid to help swindled investors — mostly retirees —...

Published by Bloomberg Law August 24, 2018 By Alex Ebert Attorneys for investors of defunct pension-buyout investments are suing to drag back more than $100 million in lost cash from the financial professionals who sold the plans. Peiffer Wolf Carr & Kane announced Aug. 23 five lawsuits filed across the...

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