Soreide Law Group, (888) 760-6552, obtained the following summation of information from FINRA’s website, in “Disciplinary and Other FINRA Actions, May, 2014.” Wei-Sheng Wang (CRD #2253377, Warren, New Jersey) was barred by FINRA allegedly because he and his wife, who is non-registered, accepted over $130,000 from clients of Wang's firm’s affiliate insurance company for life […]

In an InvestmentNews.com article from March 6, 2012, Darla Mercado writes that the Lincoln National Life Insurance Co. will pay $5 million in death benefits  for a life insurance policy the insurer had contended was fraudulent. The jury in the U.S. District Court for the Southern District of Florida on Friday found in favor of plaintiff […]

Back in April of 2007, the U.S. Securities and Exchange Commission sued a hedge fund, Lydia Capital LLC (Lydia), in the U.S. District Court for Massachusetts alleging fraud against investors in life insurance policies purchased by Lydia. SEC v. Lydia Capital LLC, No. 1:07-CV-10712, (D. Mass. Apr. 12, 2007). granting in part a motion by the SEC, […]