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Did Your Distributions Stop Unexpectedly???
Have your distributions from an investment stopped? Did you invest in a company that promised you income and now you are no longer receiving interest payments from that company? Many people choose investments that will provide a certain level of guaranteed income...
read moreWhat to Do if Your Broker Sold You an Unsuitable High Commission Annuity
Our FINRA arbitration attorneys recently discussed the financial hazards of variable annuities: controversial contracts in which buyers pay installment or lump-sum premiums to insurance companies, which then invest the contributions into risky stocks and mutual funds....
What Are High Commission Variable Annuities?
The financial industry often uses terminology that may be unfamiliar to consumers, particularly those who are taking their first steps into the world of investing. One of these terms is “variable annuities” – in particular, high commission variable annuities. If you...
FINRA bars broker Daniel Winger for stealing $100,000 from elderly client while at PFS Investments
FINRA has barred broker Daniel Winger, who was affiliated with PFS Investments for 31 years. From 2015 to 2018, an elderly customer gave Daniel Winger checks totaling nearly $100,000. The checks were made out to Dan Winger and Associates, and the customer believed...
Should I Purchase A Private Placement Investment?
A well-known method for companies to raise capital is an Initial Public Offering (IPO), in which the company sells its stock publicly for the first time. As opposed to IPOs, many business entities use “Private Placements” as an alternative route to raise capital....
Trade Churning at Wells Fargo Putting Investors in Financial Danger
In 2016, Wells Fargo made national headlines through an account fraud scandal in which employees created millions of fake bank accounts without the consent of customers. This scheme caused thousands of clients to rack up extra fees, simultaneously harming consumers’...
What to Do if Your Financial Advisor is Churning Your Account
Trade churning is a serious problem for many investors. You place your accounts in the hands of a financial advisor or broker, trusting them to grow your money and keep the account costs and fees low. However, some advisors will take advantage of this trust and force...