If You Lost Money in Variable Annuities, We Are Here to Help
The money invested in a variable annuity is supposed to provide a reassuring source of income during a person's retirement years. The insurance company is supposed to invest the money in investments, supposedly low-risk, safe financial ventures. So what happens when they don't?
Not Told of the Risk of Variable Annuities? — Contact Our Manhattan, New York City, or our Northport, Long Island, Law Offices: 866-780-0305 — Free Initial Consultation — E-Mail Us
Broker Dealers, Investment Advisors and Broken Trust — Recoup Losses
Did you purchase a variable annuity through an investment advisor or a broker-dealer that lost a significant amount of money?
You may have reason to file a lawsuit to recoup your losses, depending on the circumstances of your loss and how the annuity was sold. Attorney Timothy J. Dennin can help you seek answers and justice. An experienced securities litigator on the side of the private investor, our law firm has received the AV Peer Review Rating*.
You may have a case if:
- The seller did not explain to you the risk inherent in your investment
- The seller promised you a return
- The old variable annuity was unnecessarily replaced with a new one causing extra commission payments
- The language and fee structure of the variable annuity agreement was not explained to you
- The investment may not have been suitable for you if you are of retirement age and on a fixed income
- You were not informed that if the market goes down and you don't add additional funds to cover the cost, your annuity would expire as worthless
As early as 2003, the National Association of Securities Dealers (NASD) warned investors about variable annuity sales and unscrupulous brokers and investment advisors. Its May 27, 2003, "Investor Alert" for sales of variable annuities said in part: " . . . The marketing efforts used by some variable annuity sellers deserve scrutiny - especially when seniors are the targeted investors. . . " — Lawyer Timothy J. Dennin
Free Initial Consultations About Your Variable Annuity Loss
Whether you have suffered significant losses due to an unsuitable investment, stock fraud, investment fraud, broker or advisor misconduct, you have a right to an answers and to see justice done.
Please call our securities arbitration and litigation law firm at 866-780-0305 in Manhattan or 866-664-8035 in Northport for a free initial consultation to discuss your legal concern and learn whether we may be able to help you. You may also contact us online. We have offices in Northport, in Suffolk County, and in Manhattan, New York City.
CV, BV, and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards, and policies.
*Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the judiciary. Martindale-Hubbell ratings fall into two categories - legal ability and general ethical standards.
