Fraudulent Practices in the Sale of Indexed Annuities

Author: Michael Hill

If approached by your broker (or financial advisor or insurance agent) to purchase an indexed annuity there are some things an investor should consider.  First, an indexed annuity (also known as, equity-indexed annuity or fixed indexed annuity) is a fixed annuity, either immediate or deferred, that earns interest or provides benefits that are often linked… Read more »

Higher broker standards for recommending Leveraged and Inverse ETFs

Author: Michael Hill

In our earlier press release, we stated that the Financial Industry Regulatory Authority (FINRA) reminded all brokers and broker-dealers, in a regulatory notice, of their requirements prior to recommending the purchase of a leveraged or inverse exchange-traded fund (ETF).  See FINRA Regulatory Notice 09-31 .  These requirements are more than what is required prior to recommending… Read more »