Insurance Regulators Focus on Abusive Sales PracticesWritten by Tony Novak
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to result in a financial recovery if you have suffered a loss from an improper sales practice. An apparent third option – reporting problem to personnel in your investment company – is unlikely to result in any substantive corrective action because automatic “denial of wrongdoing” mentality is deeply imbedded in financial services industry. Investment representatives are routinely restricted from admitting wrongdoing or negotiating solutions with customers. These issues must be referred to firm’s legal department where individual is unlikely to make any progress without legal representation anyway. So this third option really is not really a separate strategy after all.It might be smart to get an early opinion of an independent financial adviser and attorney in any case. Attorneys who handle these legal issues typically work in tandem with a financial adviser to identify, document and then redress problem areas. Some of these problem issues are addressed as class action claims, where others are handled on an individual case-by-case basis. It is usually necessary to demonstrate a realized financial loss or damage in order to successfully negotiate a financial settlement.
Tony Novak is an independent writer and financial adviser in Narberth PA who who has consulted as an expert witness in sales practice disputes.
| | Shopping Tips (3)Written by Rick Tangri
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2. When buying a safe, look for Underwriters' Laboratories Rating A, B, C, D- ratings are fire resistant. A offers least fire protection E, F, G, H- ratings are burglar resistant. H offers highest degree of burglar protection. If you can move it so can a burglar. ---+-----+-----+-----+-----+-----+
Rick Tangri is the author of "Cyber E Newsletter". He has helped thousands of individuals save money. Visit his site to at http://cyberereminder.com/mailstuf.htm
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