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The LARGEST FINRA FINE ABOUT ANNUITIES –METLIFE

The Financial Industry Regulatory Authority (FINRA) has filed MetLife Securities, Inc. $20 million and ordered it to pay $5 million to its customers for misrepresenting its variable annuities. FINRA investigated Metlife’s annuities sales practices from 2009-2014 and found that Metlife had:

• Generated at least $152 million in commissions from 2009-2014 by convincing investors to replace one annuity with a Metlife annuity

• Misrepresented to customers that their existing annuities were more expensive than Metlife annuities

• Misrepresented to investors that their existing annuities performed worse than Metlife annuities

• Failed to supervise annuity replacements, thereby allowing brokers to switch customers from one annuity to another annuity

• Approved 99.79 percent of all variable annuity replacement applications, despite inaccurate information on most of them

• Sent its customers quarterly account statements that misrepresented that no fees were charged when, in fact, there were large fees

If you own a Metlife annuity and believe you were misled into surrendering another annuity to buy a Metlife annuity, please contact us by calling me at or completing and submitting this form.

Securities Litigation & Arbitration

Representing investors in conflict with their financial advisor or stockbroker.

Class Actions

Diane A. Nygaard has more than 25 years of experience in class action lawsuits.

Annuity Insurance Litigation

Skilled in recovering money from insurance companies in annuity lawsuits.

Churning

Nygaard helps you fight churning – an illegal act committed by your stockbroker.

Oil & Gas Investments

Helping you fight advisors that chose not to work in your best interest.

Non-Traded REITs

If you’ve been duped into buying a non-traded REIT, Nygaard is here to help.

Energy Stocks, Bonds and MLPs Investor Alert

If your broker recommended Oil and Gas Bonds, Stocks or Master Limited Partners (MLPs), reach out today.

Variable Universal Life Insurance

Don’t destroy your life with a variable universal life insurance policy.

Dedicated to Recovering Your Losses

diane_nygaard
A ttorney Diane A. Nygaard has been fighting for the rights of fraud victims for many years. With experience in cases large and small, high-profile and everyday, Diane is prepared to handle your case with aplomb, compassion and the knowledge of a Harvard-educated lawyer.

Her recent cases include a settlement for $200,000,000, and she is willing to dedicate the time and energy necessary to fight your case with equal vigor to ensure you receive justice.

If you’ve lost money due to fraud or an investor that chose to not work in your best interest, contact your attorney today. And when you want and expect the best from your lawyer, you turn to Diane A. Nygaard.

ABOUT DIANE

It is difficult to believe that someone you have trusted with your savings might have abused that trust. However, the securities laws require active supervision of all investment advisors. Most cases I have handled could have been prevented had the brokerage firm or advisory firm complied with the supervisory regulations. Cases can proceed against the firm. It is not legally necessary to name the individual broker.

Diane Nygaard, P.A.

Success for Investors

DERIVATIVE KINDER MORGAN SHAREHOLDERS LITIGATION

Diane A. Nygaard was co-counsel in this shareholder derivative case that resulted in a $200 million class action settlement on behalf of former stockholders of Kinder Morgan, Inc. (KMI). In Re Kinder Morgan. Inc. Shareholders Litigation, Consol. Case No. 06 C 801, District Court of Shawnee County, Kansas. A buyout group lead by KMI’s largest stockholder and Chairman, Richard Kinder, […]

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WINNING ARBITRATION AGAINST OPPENHEIMER

In August, 2011, Diane Nygaard arbitrated and won a case against Oppenheimer Securities for an investor who had a realized loss of $187,000 on speculative securities that his Oppenheimer broker sold to him as “safe and liquid” investments. The panel awarded the investor the amount of his losses, attorneys’ fees, expert witness fees, and interest from February 2008 to the […]

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NYGAARD PREVAILS AGAINST AMERIPRISE AND RECOVERS $776,000 FOR CLIENT

In October, 2013, Mrs. Nygaard prevailed against Ameriprise for a retired businessman. The Panel required Ameriprise to buy back all the REITs the Ameriprise broker sold the investor for their purchase price of $650,000, and ordered Ameriprise to repay him an additional $126,000 for the fees, commissions, and payments made to Ameriprise for “financial plans”, and the expenses of the […]

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If you’ve lost money at the hands of an untrustworthy broker or advisor,
contact attorney Diane A. Nygaard today.

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