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...
GPB Waste | ProPublica | Kiera Feldman | March 7, 2:53 p.m. EST It’s unclear what the authorities were seeking at the offices of Five Star Carting, but the investment firm that owns the hauler said it has been cooperating for months with a joint federal and...
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...
Consumer Financial Protection Act | 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...
Future Income Payments | 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...
Insurance scam | 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...
Nationwide Lawsuits | 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...
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 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 — retrieve...
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...