Houston Variable Annuity Fraud Lawyers
When you turn your hard-earned savings, IRA, 401(k) or retirement assets over to a stock broker, financial planner or investment advisor, whether at a bank, a well-known brokerage firm, or at a boutique asset management company, you have the right to expect the investments recommended to you to be suitable to your financial status, age, investment experience and expertise, and risk profile. When your stock broker or money manager fails in that regard by placing your savings into an unsuitable variable annuity and you suffer losses in your account, there are steps you can take to protect your rights. At the Houston law offices of Lapin & Landa, Bobby Lapin represents individual investors across Texas who have been the victims of variable annuity fraud and can help you determine if you have been the victim of unsuitable investment decisions made on your behalf.
A Proven Record of Results and Exemplary Client Service
A variable annuity is an investment product promoted and sold by financial advisors, stockbrokers and investment firms. In these cases, your money manager takes a lump sum of your money and, in return for a substantial up-front commission, buys for you a variable annuity which, in essence, is a contract promising to pay you a guaranteed stream of payments over a certain amount of time in the future. Often, disclosures about the performance of the variable annuity, the fees involved, or the penalties for early withdrawal of your money are not properly made and, as a result, you may well find yourself with a very unsuitable investment.
Bobby Lapin has, over the course of his career, represented many clients, large and small, in securities or FINRA arbitrations asserting claims including:
- Variable annuity fraud
- Unsuitability
- Breach of fiduciary duty
- Negligence
- Failure to disclose
- Failure to supervise
Contact Us
Bobby Lapin knows how to handle your variable annuity claim through a FINRA arbitration from start to finish. He represents individual and business clients in these arbitrations, usually on a contingent fee basis.
If your financial planner or broker has made choices unsuitable to your financial profile, we can help you take legal action so you can seek to recover your losses. We are not afraid to take on large firms in order to protect small investors across Texas. We are responsive to your concerns throughout the process. Contact us today to schedule a consultation with Bobby Lapin.
