Annuity Loss Lawyers

Are You A Senior Investor Who May Be The Victim of Annuities Fraud 

Our Savvy Annuity Loss Lawyers Are Representing Investors In Recouping Their Losses 

The team of Annuity Loss Lawyers at Shepherd Smith Edwards and Kantas ( is offering free, initial case consultations to those who have suffered significant losses in annuities. Unfortunately, annuity fraud does happen. Many victims are older investors who have lost their retirement savings in what they were led to believe was a safe, low-risk investment.

Currently, our trusted annuity investment loss attorneys are representing investors, including many retirees, in their broker fraud lawsuits against the brokerage firms that unsuitably sold them these financial products. Many of these clients lost money in the alleged investment scams involving Colorado Bankers Life Insurance and Northstar Financial Services (Bermuda). While these broker-dealers may not have been directly involved in the purported schemes, their alleged due diligence failures caused their customers to purchase the annuities.

What Is An Annuity? 

This is typically an insurance contract that is supposed to pay out invested funds through a fixed income stream at a later date. Investors usually buy or invest in annuities by making lump-sum payments or monthly premiums. The institution holding the annuity is the one that makes the stream of payments for a set time period or for the remainder of the annuitant’s life. Many investors use annuities to help fund their retirement as these financial products are supposed to provide a guaranteed income stream.

Annuities can be variable annuities, fixed annuities, or bonus annuities. They are often marketed to older investors wanting stability and low risk. However, it is important to know that depending on the annuity, this is the type of investment that can prove riskier than it seems. For example, some annuities can take 20 years to begin rendering a return on investment, which would make them unsuitable for many elderly investors. Or, in the instance of an alleged annuity scam in which investors’ funds can end up frozen for years—as they have with Colorado Bankers Life Insurance and Northstar Financial Services (Bermuda)—this can lead to serious losses because the investor is unable to access and withdraw their money.

How Can an Annuity Investor’s Losses Lead To a Broker Fraud Lawsuit? 

  • If your broker unsuitably recommended that you purchase an annuity that was inappropriate for you given your age, financial goals, or risk tolerance level, you may be able to sue them for damages.
  • If your financial advisor misrepresented the risks to you, this can be grounds for a broker misrepresentation and omission claim.
  • If your stockbroker prioritized earning the high commissions they could make from selling annuities over whether investing in this financial product was in your best interests, you may be able to file a FINRA lawsuit seeking financial recovery.
  • If your broker-dealer neglected to conduct the proper due diligence and you ended up the victim of an annuity scam as a result, this too can be a reason for a broker misconduct lawsuit.

Why Hire Our Skilled Annuity Loss Lawyers? 

While attempting to go after the issuer of your annuity is one approach—more often than not this could take years and there is no guarantee of getting much, if anything, back. What you can do, however, is explore your legal options to see if you can pursue damages from the brokerage firm whose negligence played a part in you suffering your investment losses. To do this, however, it is important that you work with seasoned broker misconduct attorneys.

For over three decades, the Annuity Loss Lawyers at Shepherd Smith Edwards and Kantas have fought for all kinds of investors, including senior investors and retirees, in recouping their losses caused by broker misconduct. Our annuity investment fraud lawyers know how devastating it is to lose your hard-earned savings, especially at this time in your life when you need these funds the most. We have the skills, resources, and manpower to go up against even the largest firms on Wall Street.

We represent annuity investors in arbitration, mediation, and litigation. Over the years, more than 90% of our clients have received full or partial financial recovery with our help.

Call (800) 259-9010 today or contact us online.




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