PWCK LAW FIRM: INVESTORS WIPED OUT IN OPTIONSELLERS.COM NATURAL GAS SCHEME SHOULD SEEK HELP NOW IN “DOUBLE WHAMMY” DEBACLE WITH MARGIN CALLS Hundreds of Investors – Many Unsophisticated Retirees – Already Cleaned Out By Disastrous Trading in the Natural Gas Market Now Facing Second Assault in...
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 Consumer Financial Protection Bureau SEP 13, 2018 WASHINGTON, D.C. — The Bureau of Consumer Financial Protection (BCFP) has filed a complaint against Future Income Payments, LLC (FIP), Scott Kohn, and the following related entities: FIP, LLC; BuySellAnnuity Inc.; Cash Flow Investment Partners LLC; Pension Advance LLC;...
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...
Published by Law360 August 23, 2018, 9:02 PM EDT By Carolina Bolado Law360 (August 23, 2018, 9:02 PM EDT) -- Victims of Future Income Payments LLC’s $100 million predatory lending scheme filed five lawsuits Thursday in New Jersey, Texas, Illinois, California and Florida against financial advisers and insurance agents...
Published by BenefitsPro August 23, 2018 at 07:00 PM By Nick Thorton Attorneys allege investment products were marketed up to March of 2018, even after FIP had been shut down in numerous states. Five lawsuits against individuals serving as middlemen marketers have been filed across the country on behalf of...
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