Well, butter my biscuit, if it isn’t another financial scandal! This time, the spotlight is firmly on a certain Bret Schaefer, a broker previously associated with Woodbury Financial Services, Inc. and currently with Landolt Securities, Inc. Now, here’s the scoop: a customer dispute was settled on the 15th of June, 2023, where the customer claimed that a variable annuity purchased in 2021 was, in no uncertain terms, unsuitable. The sum involved? A whopping $53,114!
What’s a Variable Annuity, You Ask?
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Well, it’s not rocket science, really. A variable annuity is a type of contract between you and an insurance company, where you make a lump-sum payment or series of payments. In return, the insurer agrees to make periodic payments to you, either immediately or at some future date. You can choose to invest your purchase payments in a range of investment options, which are typically mutual funds. The value of your account in a variable annuity will vary, depending on the performance of the investment options you have chosen.
Haselkorn & Thibaut: The Calvary on the Horizon
Now, hold your horses! Before you start panicking about your investments, there’s some good news. The law firm of Haselkorn & Thibaut is currently investigating the advisor and the company involved. With a track record that’s as clean as a whistle and an impressive 98% success rate, they are the knights in shining armor for investors who’ve had a rough ride.
- With offices in Florida, New York, North Carolina, Arizona, and Texas, they’re as widespread as a Texas ranch.
- They have a staggering 50 years of experience under their belt in the field of investment fraud law.
- They’ve successfully helped countless investors recover their losses, proving that they’re worth their salt.
- They offer a free consultation to clients, which you can avail at 1-800-856-3352.
- They operate on a “No Recovery, No Fee” policy, meaning if they don’t win, you don’t pay. Now, that’s a square deal!
FINRA Arbitration: A Beacon of Hope
Moreover, there’s another ray of hope. The FINRA Arbitration can be a lifesaver for investors looking to recover losses. It’s like a court, but for securities and investments. They can help you get back on your feet if you’ve been dealt a bad hand in the investment game.
So, folks, while the allegation against Bret Schaefer is as serious as a heart attack, don’t lose hope. With the likes of Haselkorn & Thibaut and the FINRA Arbitration in your corner, you’re far from down and out. Remember, every cloud has a silver lining!
