New York-based Salomon Whitney Financial did not disclose fees and failed to monitor churning despite a long history of violations, according to a FINRA order.
A Texas judge could decide any day on a lawsuit brought by state attorneys general against the Department of Labor’s environmental, social and governance investing rule.
Abortion access, false claims, telehealth, discrimination and patient inducements are among the health care issues with pending litigation in the court system.
A Florida jury found the self-styled “Annuity King,” Phillip Roy Wasserman guilty today of defrauding investors with his FastLife life insurance products.
The Department of Labor isn’t likely to back away from pushing for tougher fiduciary standards on the sale of retirement products, a pair of experts agreed Thursday, despite significant losses in court.
Digital field underwriting must happen at a faster pace if the life insurance industry is to survive a time of declining market penetration and falling sales.
When you go to the doctor, you explain what feels wrong or share your symptoms for them to diagnose the problem. The same is true for our business as financial advisors.
Plaintiffs allege that Lincoln Financial misrepresented the gains an FIA would earn.
Lincoln Financial is asking a Texas judge to dismiss a lawsuit filed by nine plaintiffs who claim they were sold a fixed indexed annuity with illustrated promises of unrealistic gains. One of its former agents is the lead plaintiff.
Lincoln Financial Group completed another difficult quarter financially, but executives touted last week’s $28 billion reinsurance deal as a crucial rebound move for the insurer.