Annuity Sales Fraud of Seniors is Growing, Says the NASD

全国证券交易商协会已发布“投资者警报”警告，警告欺骗性销bob200体育售实践在向老年人出售年金时的增加
NASD还指出，消费者对年金的困惑也在增加。它补充说：“这部分是由于希望利用不知情的消费者的公司和代理商采用的可疑或欺骗性的销售实践。”

在发行版中将“年金”定义为“保险公司定期进行一系列收入付款的合同，以换取您支付的保费或保费。”

“There are several types of annuities, all of which carry varying levels of risk and guarantees,” the release states. It then lists Single Premium Annuity, Multiple Premium Annuity, Immediate Annuity, Deferred Annuity, Fixed Annuity, Variable Annuity and Equity-Indexed Annuity) but fails to indicate the particular risks of each.

The NASD advises investors to beware of “red flags” of possible deceptive sales practices, including high-pressure sales pitches, “limited-time” deals and tactics to move investors from one annuity to another. There is also a warning about unlicensed agents. The alert adds: “Remember, if it seems too good to be true, it probably is!”

Others warn that the use of terms such as “insurance” and “guarantee” are often misleading and can deceive seniors into believing annuities are always safe, which is not the case. Part of the deception is to mask whether one can even get out of an annuity and, if so, the downside risk and/or penalties involved.

However, none of these warnings are helpful to senior citizens and others who have already been scammed!

If you or someone you know may have been a victim of annuity fraud contactShepherd Smith and Edwards. We have helped thousands of investors recover losses. You maycontactour law firm to arrange a free confidential consultation with one of our attorneys.

The complete text of this and other NASD Investor Alerts is available at https://www.nasd.com/InvestorInformation/InvestorAlerts/index.htm