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Published by Business Wire May 01, 2019 02:49 PM Eastern Daylight Time --- ROCHESTER, N.Y.--(BUSINESS WIRE)--A FINRA arbitration panel has awarded $3.2 million to an Alleghany County egg-farming family swindled in a variable annuity (VA) and life insurance scheme promoted by a former AXA financial advisor who was recently convicted...

01 May, 2019

Published by Investment News By Mark Schoeff Jr. May 1, 2019 @ 2:29 pm --- Upstate New York couple cites five unsuitable variable annuity, life insurance transactions   An elderly couple in upstate New York won a $3.2 million Finra arbitration award against Axa Advisors in a case involving unsuitable variable annuity...

01 May, 2019

Published by Springfield News-Sun By Thomas Gnau Updated Feb 25, 2019 --- DAYTON — A U.S. District Court judge has ordered a former Dayton-area financial broker to pay more than $1.1 million in a civil case brought against him by the U.S. Securities and Exchange Commission. The SEC sued John Gregory...

26 March, 2019

Published by Dayton Daily News By Thomas Gnau Updated Oct 02, 2018 --- A former Dayton investment advisor misappropriated more than $1.6 million from clients — many who were elderly — for the past 14 years, the U.S. Securities and Exchange Commission said in a complaint. The SEC termed the actions...

26 March, 2019

Published by HoumaToday.com By Dan Copp Posted Jan 31, 2019 at 9:35 PMUpdated Jan 31, 2019 at 9:35 PM --- A local businessman and former vice president of the Greater Lafourche Port Commission was arrested today after stealing nearly $1 million from his clients, authorities said. Kristian “Kris” Gaudet, 45, of Cut Off, is charged with two counts of felony theft, the...

26 March, 2019

Published by CNBC By Sarah O'Brien Published 9:59 AM ET Thu, 21 Feb 2019 --- Each year, an estimated 50 percent of people are victims of financial foul play, and 16.5 percent say it's in the form of investment fraud. Not all cases that come before regulators involve large amounts, and...

22 February, 2019

Published by The Wall Street Joural By Leslie Scism Updated Sept. 19, 2018 10:54 a.m. ET --- A long decline in interest rates caused premiums to soar when they were supposed to stay level   A popular insurance product of the 1980s and 1990s has come back to bite many older Americans. Universal...

10 January, 2019
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