Articles Posted in General Investment News

South Florida Insurance Dispute and Litigation Attorney: The general rule in Florida is that a misstatement in, or omission from, an application for insurance need not be intentional before recovery may be denied pursuant to 627.409. Florida Statute 627.409 provides that : (1) Any statement or description made by or on behalf of an insured…

FAQ’s Relative to the Interpretation of all Types of Insurance Contracts, Including Variable and Fixed Annuity Insurance Contracts – Florida Insurance Litigation and Arbitration Attorney: Florida law requires that insurance contracts are construed according to their plain meaning and, if a policy provision is clear and unambiguous, it should be enforced according to its terms.…

Prohibited Activities of Corporate Officers and Directors – Broward and Palm Beach County, Florida Corporate Misconduct Litigation and Arbitration Attorney: It is a cardinal principle, in Florida, that an officer or director of a corporation will not be permitted to make profit out of his official position and because of their fiduciary character, officers and…

Margin Abuse – South Florida FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. A margin account is a type of brokerage account that allows customers to buy securities with money borrowed from their brokerage firm. Margin accounts are governed by Regulation T, adopted by the Federal Reserve, by various rules adopted by the Financial…

Florida Indexed Annuity Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney: Prior to purchasing an indexed annuity, it is important that you understand various features contained in the annuity contract. Some of these items are set forth below. Please keep in mind that this information is being provided for educational purposes only. It is not…

Florida Fixed and Variable – Deferred and Immediate Annuity – Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney: FAQ’s About Annuities: An annuity is a contract or agreement with an insurance or investment company that provides a source of income or series of payments, from the investment either now or at a set future date,…

Common Stocks, Preferred Stocks, Corporate Bonds, Municipal Bonds, Promissory Notes, Exchange-Traded Funds (ETF’s), and Mutual Funds – South Florida Securities and Investment Fraud, Negligence and Breach of Fiduciary Duty FINRA Arbitration and Litigation Attorney: The elements of a breach of fiduciary duty action are (1) the existence of a fiduciary duty and (2) the breach…

FAQ’s about Yield – West Palm Beach, Delray Beach and Boca Raton, Florida Bond, Preferred and Common Stock State and Federal Court Litigation and FINRA Arbitration Attorney: Yield: In general, yield reflects the return on an investor’s capital investment. As it relates to bonds, current yield is calculated by dividing the coupon rate of interest…

The Securities and Exchange Commission recently announced an emergency asset freeze to halt a Ponzi scheme involving U.S. and New Zealand-based companies peddling sham investment opportunities ranging from a bank trading program to kidney dialysis clinics. The SEC alleges that Christopher A.T. Pedras, who has residences in Turlock, Calif., and New Zealand, misled his initial…

Florida Variable and Fixed Annuity, Life and Health Insurance Fraud and Misrepresentation Attorney: In the Matter of: Charlotte Bredal Oliver, Case No.: 140535-13-AG: On September 20, 2013, the Florida Department of Financial Services (“Department”) issued a Consent Order against Charlotte Bredal Oliver, which, in part, required the Respondent to surrender to the Department all licenses…