Rescue Capital Blog Your Money, Your Way

11Jun/13Off

Have questions about selling a structured settlement annuity ?

Posted by Rescue Capital

Anyone looking to sell some or all of their future structured settlement annuity payments usually has a lot of questions. Here are some the most common questions we get every day.

  •  How does the process work ?
  • Do I need to hire a lawyer ?
  • What is a discount rate ?
  • Why do I need a reason to get my money ?
  • What documents do I need ?
  • Can I just sell some of my payments ?
  • Do I have to pay taxes on this money ?
  • How long will it take before I get my money ?
  •  Will the insurance company object to the sale ? 
  • Will I have to be present in court?

I have questions about my structured settlementThe good news is that here at Rescue Capital, we have many years of experience dealing with every type of case in every state and we will be able to answer every one of your questions. More importantly though, every person's situation is unique. After finding out what your goals are and getting some basic information about your case, we will be able to offer you different options that you can weigh out. One of our primary goals is to make sure you understand fully each step of the process and how it impacts you. We want you to feel comfortable knowing that we have your best interests at heart and that will be our top priority from start to finish. So give us a call at 1-866-688-3532. If you don't have time to discuss it, just fill out our simple quote request form online here and we will get back to you when you are ready.

 

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27Dec/11Off

Financial services firm ordered to pay defrauded elderly man’s estate

Posted by Dawn Anderson

Dallas, TX--A district court upheld a $1.8 million Financial Industry Regulatory Authority (FINRA) arbitration panel’s penalty against Raymond James Financial Services. The financial services firm lost their appeal in state court and was ordered to pay a defrauded elderly Texas man's estate. The elderly man and his now deceased wife filed a claim against the firm accusing them of selling them unsuitable products in a scheme involving insurance, loans, and variable annuities.

The FINRA arbitration panel found that Raymond James failed to properly supervise Paul Davis, who led the firm's individual advisor branch office in Amarillo, TX as he sold the elderly couple life insurance and variable annuity products. According to the couple's attorney, Davis had apparently switched the couple's investments out of municipal bonds putting them in high-commission variable annuities and life insurance policies. Without their knowledge, he then moved them from one variable annuity to another resulting in large surrender fees and commissions.

FINRA and the SEC recently issued a joint risk alert and regulatory notice, advising broker-dealers to make sure they know what’s going on within their branch offices and even offering some tips to ensure they remain in compliance.