Posted by Page PerryonDecember 7, 2012
At least a half a dozen independent broker-dealers sold variable annuities reportedly issued by Sun Life Financial, Inc. that lost substantial monies investing in hedge funds. The hedge funds, which used a combination of put and call options to bet that the S&P 500 stock index would not vary outside of a certain range, lost […]
Categories: Brokerage Firms, Common Securities Broker Abuses, Fairness/Just & Equitable Conduct, FSC Securities, Hedge Funds, Investigations, Investment Advisers, Investment Malpractice, Investor Alerts, Lincoln Financial, Misrepresentation/Omission, National Planning Group, Regulatory Developments, SagePoint Financial, Securities, Securities/Commodities Arbitration, Securities/Commodities Litigation, Unsuitable Recommendations, Variable Annuities and Equity-Indexed Annuities