FINRA, the Financial Industry Regulatory Authority, is investigating independent broker-dealers that sold variable annuities with subaccounts invested in hedge funds that resulted in $18 million in client losses during the credit crisis writes Bruce Kelly in a recent article for InvestmentNews.com. FINRA has been investigating the sale of a variable annuity issued by Sun Life […]

Soreide Law Group, PLLC, and Securities Attorney Lars K. Soreide, are investigating James J. Albright, Jr., and Sagepoint Financial, Inc., previously known as AIG Financial Advisers, of Manitowoc, Wisconsin. The alleged claims are based on Albright’s recommendations to his clients to purchase unsuitable, risky and illiquid non-traded real estate investment trusts (“REITs”). Due to the result of Albright’s alleged sales practices, his […]

Soreide Law Group, PLLC is currently investigating potential claims related to the Foresee Strategies Insurance Funds 3(c)(1) and 3(c)(7), which were offered via an annuity issued by Sun Life Financial and sold to investors by SagePoint Financial, Inc. and other securities brokerage firms. Foresee Strategies Insurance Funds were part of the SALI Multi-Series Funds 3(c)(1) and 3(c)(7), […]