Variable Annuities | KlaymanToskes

September 22, 2021

Ronnie Metcalf Voya Financial Investor Alert: Ex-Voya Financial, Current Cetera Advisors Network Financial Adviser Facing Millions in Customer Disputes

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation into former Voya Financial and current Cetera Advisors Network registered representative Ronnie Metcalf (“Ronnie Metcalf Voya Financial Cetera Advisors Investigation”) in light of recent FINRA customer disputes filed claiming investment losses relating to the Greenville, SC financial adviser. Ronnie Metcalf Voya Financial Investigation – BrokerCheck According to FINRA BrokerCheck, Ronald Franklin Metcalf, Jr. was registered as a broker with Voya Financial Advisors from May 2000 to June 2021 out of the firm’s Greenville, SC office. Ronnie Metcalf is now registered with Cetera Advisor Networks in Greenville, SC. Ronnie Metcalf’s…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of BANCWEST INVESTMENT SERVICES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), commences an investigation (Northstar Bermuda Bancwest) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Bancwest Investment Services, which is a subsidiary of BNP Paribas’s (BNPQY: U.S. OTC) Bank of the West. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure. Investors are suing their investment firms…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of HANCOCK WHITNEY INVESTMENT SERVICES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Hancock Whitney) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Hancock Whitney’s (NASDAQ: HWC) subsidiary, Hancock Whitney Investment Services (“Hancock Whitney”), and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as benefits of a Bermuda trust structure. Investors are suing their investment firms…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of JP MORGAN SECURITIES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda JP Morgan) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through J.P. Morgan Chase Co.’s (NYSE: JPM) subsidiary, J.P. Morgan Securities (“JPMorgan”). Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as benefits of a Bermuda trust structure. Investors are suing their investment firms after Northstar’s bankruptcy and liquidation…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of UNIONBANC INVESTMENT SERVICES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Unionbanc) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Unionbanc Investment Services, which is a subsidiary of Mitsubishi UFJ Financial Group, Inc.’s (NYSE: MUFG) American holding company. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as benefits of a Bermuda trust structure. Investors are suing their investment…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of CETERA INVESTMENT SERVICES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Cetera Investment Services) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Cetera Investment Services and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure. Investors are suing their investment firms after Northstar’s bankruptcy and liquidation in…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of COMMUNITYAMERICA CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda CommunityAmerica) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through CommunityAmerica Financial Solutions (“CommunityAmerica”) and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure. Investors are suing their investment firms after Northstar’s bankruptcy and liquidation in which…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of OCEAN FINANCIAL SERVICES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Ocean Financial Services) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Ocean Financial Services and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure. Investors are suing their investment firms after Northstar’s bankruptcy and liquidation in…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of RAYMOND JAMES CUSTOMERS

National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Raymond James) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through a Raymond James’s (NYSE: RJF) subsidiary, Raymond James & Associates (“Raymond James”), and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure. Investors are suing their…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of SUNTRUST INVESTMENT SERVICES CUSTOMERS

Did you invest in Northstar Financial Services (Bermuda) through Truist Investment Services (d/b/a Suntrust Investment Services)? National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation (Northstar Bermuda Suntrust) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Truist Financial Corporation’s (NYSE: TFC) subsidiary, Truist Investment Services (d/b/a Suntrust Investment Services) (“SunTrust”), and other full-service brokerage firms. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety…

August 2, 2021

ATTENTION NORTHSTAR FINANCIAL SERVICES (BERMUDA) INVESTORS: The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of BANKOH INVESTMENT SERVICES CUSTOMERS

Did you invest in Northstar Financial Services (Bermuda) through Bankoh Investment Services? National investor fraud law firm, KlaymanToskes (“KT”), commences an investigation (Northstar Bermuda Bankoh) of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Bank of Hawaii’s (NYSE: BOH) subsidiary, Bankoh Investment Services. Northstar was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted its fixed and variable annuity products as offering segregated account protection, generous liquidity terms and a variety of commitment periods, as well as the benefits of a Bermuda trust structure. Investors are…

July 19, 2021

Adam Belardino, Ex-MML Investors Services Rep., Named In FINRA Complaint

FINRA recently named Adam Belardino of New Rochelle as a Respondent in a Complaint. FINRA alleges that Belardino failed to appear for on-the-record testimony. Belardino was employed at Barnum Financial Group in Elmsford, New York from 2007 to March 2019. During that time, Belardino was a registered representative for MML Investors Services, LLC, which is an affiliate of Massachusetts Mutual Life Insurance Co. He was terminated in March 2019 relating to his firm’s investigation into a customer complaint against him. Adam Belardino & FINRA Complaint The Complaint alleges that FINRA began investigating Belardino’s termination from MML Investors Services in April…

March 19, 2021

FINRA Fines VALIC Financial Advisors $350,000 for Failure to Supervise Variable Annuity Sales Practices

On January 8, 2021, VALIC Financial Advisors agreed to a Letter of Acceptance, Waiver and Consent (AWC) (Case No. 2018060548501) which included a Fine of $350,000 by the Financial Industry Financial Authority (FINRA), the securities industry regulator established to protect investors. According to the agreement with FINRA, VALIC Financial Advisors “consented to the sanctions and to findings that it failed to establish a reasonably designed system and written procedures for the surveillance of rates of variable annuity replacements and for corrective action in the case of inappropriate replacements”. FINRA also determined. “The procedures also failed to provide guidance as to…

August 12, 2016

METLIFE VARIABLE ANNUITY ALERT -- Securities Arbitration Law Firm of Klayman & Toskes, P.A. Announces Investigation of MetLife Securities Misconduct in Light of $25 Million in Fines and Restitution Imposed By FINRA

New York, New York (Globe Newswire) — August 12, 2016 — The Securities Arbitration Law Firm of Klayman & Toskes, P.A., www.klaymantoskes.com, announces investigation of MetLife Securities Inc. (“MetLife”) misconduct in light of $20 million in fines and $5 million in restitution imposed by the Financial Industry Regulatory Authority (FINRA), for violations related to variable annuity replacement transactions. According to the Acceptance, Waiver and Consent, (FINRA No. 2014040870001), the fines and restitutions were due to FINRA’s findings that MetLife had made “negligent material misrepresentations and omissions on variable annuity (“VA”) replacement applications for tens of thousands of customers.” FINRA commented…

May 8, 2015

LPL Financial LLC Ordered To Pay Restitution To Investors and Fines To FINRA for Failure To Supervise Sale of Non-Traded REITs, Variable Annuities and Exchange Traded Funds

Financial Industry Regulatory Authority (FINRA) sanctioned LPL Financial, LLC with fines of $10 million for, “broad supervisory failures in a number of key areas, including the sales of non-traditional exchange-traded funds (ETFs), certain variable annuity contracts, non-traded real estate investment trusts (REITs) and other complex products”. Additionally, FINRA ordered that $1.7 million in restitution be paid to investors by LPL Financial to certain customers who purchased non-traditional ETFs. FINRA Examination Findings According to FINRA regulators, “LPL’s supervisory breakdowns resulted from a sustained failure to devote sufficient resources to compliance programs integral to numerous aspects of its business.” This lack…