{"id":1679,"date":"2015-07-21T18:40:05","date_gmt":"2015-07-21T18:40:05","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/07\/royal_alliance_must_pay_14m_to"},"modified":"2022-03-22T14:25:41","modified_gmt":"2022-03-22T19:25:41","slug":"royal-alliance-must-pay-14m-to","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/royal-alliance-must-pay-14m-to\/","title":{"rendered":"Royal Alliance Must Pay $1.4M To Retirees for Non-traded REIT, Variable Annuities Sales"},"content":{"rendered":"<p>A Financial Industry Regulatory Authority Inc. panel says that AIG Advisor Group (AIG) subsidiary Royal Alliance Associates Inc. must pay $1.4 million to three retirees who claim that the brokerage firm was negligent when supervising the sales of variable annuities and nontraded real estate investment trusts.<\/p>\n<p>The investors, who were former AT &amp; T Inc. employees, claim that ex-broker Kathleen Tarr recommended that they take a lump-sum buyout from the communications company instead of a lifetime annuity. The money was then put into non-traded REIT company Inland Real Estate, as well as different variable annuities.<\/p>\n<p>Tarr&#8217;s BrokerCheck record shows that she has been named in about forty customer disputes and complaints. She was let go from Royal Alliance in 2010.<\/p>\n<p>The claimants, who are low-wealth, low-income seniors, believe that they should not have been encouraged to take a lump sum and place their funds into non-traded REITs and variable annuities involving an IRA. Even though they did not sustain out-of-pocket losses from the investment recommendations, the retirees purportedly lost out on earnings they would have made if only they had invested their money more reasonably or opted for the lifetime annuity. With the latter, an investor would have given over a lump sum figure in return for a guaranteed payout for the duration of his\/her life.<br \/>\n <a href=\"https:\/\/www.investorlawyers.com\/blog\/royal-alliance-must-pay-14m-to\/#more-1679\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Financial Industry Regulatory Authority Inc. panel says that AIG Advisor Group (AIG) subsidiary Royal Alliance Associates Inc. must pay $1.4 million to three retirees who claim that the brokerage firm was negligent when supervising the sales of variable annuities and nontraded real estate investment trusts. The investors, who were former AT &amp; T Inc. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,4014,3759,3884],"tags":[3529,2639,3530,3531],"class_list":["post-1679","post","type-post","status-publish","format-standard","hentry","category-finra","category-non-traded-reits","category-reits","category-variable-annuities","tag-inland-real-estate","tag-non-traded-reits","tag-royal-alliance","tag-variable-annuities"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Royal Alliance Must Pay $1.4M To Retirees for Non-traded REIT, Variable Annuities Sales &#8212; Investor Lawyers Blog &#8212; July 21, 2015<\/title>\n<meta name=\"description\" content=\"A FINRA panel says that Royal Alliance must pay $1.4 million to three retirees for failure to supervize the sales of variable annuities and non-traded REITs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/royal-alliance-must-pay-14m-to\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Royal Alliance Must Pay $1.4M To Retirees for Non-traded REIT, Variable Annuities Sales &#8212; 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