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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 moreWhy are Financial Advisers and Brokers getting into trouble over Unit Investment Trusts (UITs)?
FINRA has been investigating the sale of Unit Investment Trusts (UITs). In recent high-profile cases, financial advisers and brokers at Morgan Stanley and Raymond James have been disciplined or fired for recommending premature sales or rollovers of Unit Investment...
Did You Lose Money in an Investment Sponsored by GPB Capital Holdings, LLC?
Update - GPB Capital Holdings may now be the subject of an FBI investigation, as reported by Investment News on March 4th, 2019. The article discussing this development can be found here. In a recent development, the Massachusetts Securities Division is investigating...
What 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....