Investment Products

Investor Alert: Robert Estevez, Joseph Gunnar & Co., LLC, and Investors Capital Corp

Investor Alert: Robert Estevez, Joseph Gunnar & Co., LLC, and Investors Capital Corp

On October 17, 2016, securities broker Robert Estevez  was suspended by the Financial Industry Regulatory Authority (“FINRA”) for allegedly making unsuitable investment recommendations to his clients. Estevez has also been ordered to cease and desist securities activity in the States of New Hampshire. and Michigan. According to his online FINRA Brokercheck report, Estevez recommended unsuitable short-term…

Investor Rights Attorney Dan Broxup of Mika Meyers, PLC is Investigating Claims Against Brokerage Firms that Made Unsuitable Recommendations of United Development Fund IV

Investor Rights Attorney Dan Broxup of Mika Meyers, PLC is Investigating Claims Against Brokerage Firms that Made Unsuitable Recommendations of United Development Fund IV

This year has truly been an annus horribilis for investors in United Development Fund IV. In February, the beleaguered real estate investment trust was publically labeled a Ponzi scheme by a prominent hedge fund manager. Shortly thereafter, its offices were raided by the FBI. In October, the trust reported that it had…

Fixed-Indexed Annuities: A Boon for Them and a Bust for You

Fixed-Indexed Annuities: A Boon for Them and a Bust for You

Fixed-indexed annuities offer the best of both worlds–guaranteed returns and upside potential–or so goes the sales pitch. When financial advisors and insurance agents use this pitch, they’re not giving the full story. So what are they leaving out? The best way to answer this question is with an example. But first, a…

Michigan Investment Claims Attorneys, Mika Meyers, PLC, Investigating Suitability Claims Against CSSC Brokerage Services

Michigan Investment Claims Attorneys, Mika Meyers, PLC, Investigating Suitability Claims Against CSSC Brokerage Services

Mika Meyers has been retained by a retired investor from the Metro Detroit area whose broker steered her towards “junk” bonds issued by a speculative start-up company, without disclosing his direct financial interest in the company. The broker was a director and executive officer of the issuing company, Consulting Services Support Corporation, and according to documents filed with the…