{"id":67,"date":"2007-03-22T21:45:53","date_gmt":"2007-03-22T21:45:53","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/03\/new_regulations_filed_by_the_m"},"modified":"2021-09-20T15:41:12","modified_gmt":"2021-09-20T20:41:12","slug":"new-regulations-filed-by-the-m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/new-regulations-filed-by-the-m\/","title":{"rendered":"New Regulations, Filed By The Massachusetts Securities Division, Define Credentials Standards For Advisors To Senior Investors"},"content":{"rendered":"

\t\t\t\tWilliam Francis Galvin, the Massachusetts Secretary of the Commonwealth, says that his office has set up new standards for advisers using credentials implying that they are experts when it comes to senior investors. <\/p>\n

According to Galvin, the state of Massachusetts is charging two Massachusetts annuity salesmen with using unethical and dishonest practices when marketing annuities to seniors: Michael Mark Delmonico and John Christopher Huck. <\/p>\n

Delmonico is accused of presenting himself as an unbiased and objective financial advisor to seniors, but allegedly was actually trying to sell high-commission annuities that were often not suitable for senior investors. He has denied the charges. Also charged in the complaint was Workman Securities Corp. and company officials Robert Vollbrecht and Paul Maxa for failing to properly supervise Delmonico.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

William Francis Galvin, the Massachusetts Secretary of the Commonwealth, says that his office has set up new standards for advisers using credentials implying that they are experts when it comes to senior investors. According to Galvin, the state of Massachusetts is charging two Massachusetts annuity salesmen with using unethical and dishonest practices when marketing annuities […]<\/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":[3803],"tags":[],"class_list":["post-67","post","type-post","status-publish","format-standard","hentry","category-senior-investors"],"yoast_head":"\nNew Regulations, Filed By The Massachusetts Securities Division, Define Credentials Standards For Advisors To Senior Investors — Investor Lawyers Blog — March 22, 2007<\/title>\n<meta name=\"description\" content=\"William Francis Galvin, the Massachusetts Secretary of the Commonwealth, says that his office has set up new standards for advisers using credentials — March 22, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, 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