Lose money after investing in a GPB Capital Holdings Fund? take action
We can help recover your investment loss. Free consultations, always. CONTACT US

Lawsuits for Inappropriate Selling of Annuities

If you are a fairly new investor, you may have heard the term annuities floating around when looking into your investment options. However, annuities aren’t actually an investment, and in many cases, they are not suitable for investors.

But that doesn’t always stop stockbrokers, firms, and financial advisors from trying to sell them, as the sale of annuities can generate a substantial commission for the broker.

When this happens, and you lose investment money as a result of being sold an unsuitable annuity, you may be able to get your money back by taking legal action against the responsible party. Read on to learn more about what an annuity is and when they are inappropriate to purchase.

What Are Annuities?

An annuity is basically a contract between an investor and an insurance company. There are many different types of annuities, but the ones that most people have heard of include annuities that provide you with income after you’ve retired, ones that cover the costs of long-term care, and legacy-planning annuities.

Although annuities can be a great option if you purchase them at the right time, they are not without risk, and annuities are not suitable for everyone.

When Are Annuities Inappropriate?

The problem with annuities is that you are putting a significant amount of money upfront and are unable to withdraw these funds without penalty until the account has matured.

This often means annuities are not a suitable investment for the elderly, as they may not live the thirty or more years it takes for the annuity to perform and provide them with the income and long-term benefits they thought they were purchasing. If a broker has sold an unsuitable annuity, the investor could recover the funds they lost by pursuing arbitration through the FInancial Industry Regulatory Authority (FINRA).

Meet with a Stockbroker Misconduct Lawyer

If you believe your broker sold you an inappropriate or unsuitable annuity, and you are interested in recovering your financial losses, reach out to a dedicated stockbroker misconduct lawyer at Wolper Law Firm. We can be reached by phone at 800.931.8452 or though the online contact form below when you are ready to schedule a free consultation.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.
or call 800.931.8452
Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: 800.931.8452

Additional Office Locations (by appointment only)

3355 Lenox Road
Suite 7
Atlanta, GA 30326


13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016


3102 Maple Ave.
Suite 400
Dallas, TX 75201


5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220


7900 E. Union Ave.
Suite 1100
Denver, CO 80237


1700 Park Street
Suite 103
Naperville, IL 60563


1001 Fourth Ave.
Seattle, WA 98154