{"id":6808,"date":"2019-02-04T16:18:14","date_gmt":"2019-02-04T22:18:14","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6808"},"modified":"2019-02-04T16:18:14","modified_gmt":"2019-02-04T22:18:14","slug":"retirement-losses-first-allied-securities-and-financial-adviser-to-pay-retirees-over-1-6m-for-investment-advice-metlife-to-pay-another-189m-to-individuals-owed-pensions-and-duke-university-will","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/retirement-losses-first-allied-securities-and-financial-adviser-to-pay-retirees-over-1-6m-for-investment-advice-metlife-to-pay-another-189m-to-individuals-owed-pensions-and-duke-university-will\/","title":{"rendered":"Retirement Losses:  First Allied Securities and Financial Adviser to Pay Retirees Over $1.6M for Investment Advice, MetLife to Pay Another $189M to Individuals Owed Pensions, and Duke University Will Pay Over $10M to Settles Lawsuits Alleging ERISA Violations"},"content":{"rendered":"<p>\t\t\t\t<strong>Investors Alleging Negligence and Mishandling of Their Retirement Funds Win FINRA Case<\/strong><\/p>\n<p>A <a href=\"http:\/\/www.finra.org\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Industry Regulatory Authority (FINRA) <\/a>panel arbitration is ordering First Allied Securities and financial adviser Larry Glenn Boggs to pay claimants and early retirees Nita and Mike Snow over $578K in compensatory damages, $500,000 in punitive damages, $350K in attorney\u2019s fees, and $60K in other costs related to losses they sustained. Boggs had worked with the Snows on their early retirement plan, which included investing in the Sun America Life-issued variable annuity the Polaris Advantage II and other investments.<\/p>\n<p>In their securities arbitration claim, the Snows sought compensation from Boggs, First Allied Securities, First Allied Advisory Securities, and American Retirement Solutions of Louisiana, LLC. All of them denied wrongdoing.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/retirement-losses-first-allied-securities-and-financial-adviser-to-pay-retirees-over-1-6m-for-investment-advice-metlife-to-pay-another-189m-to-individuals-owed-pensions-and-duke-university-will\/\"  title=\"Continue Reading Retirement Losses:  First Allied Securities and Financial Adviser to Pay Retirees Over $1.6M for Investment Advice, MetLife to Pay Another $189M to Individuals Owed Pensions, and Duke University Will Pay Over $10M to Settles Lawsuits Alleging ERISA Violations\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors Alleging Negligence and Mishandling of Their Retirement Funds Win FINRA Case A Financial Industry Regulatory Authority (FINRA) panel arbitration is ordering First Allied Securities and financial adviser Larry Glenn Boggs to pay claimants and early retirees Nita and Mike Snow over $578K in compensatory damages, $500,000 in punitive damages, $350K in attorney\u2019s fees, and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6703,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3739,3957,3803,3884],"tags":[2945,3273,3274,3275],"class_list":["post-6808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finra","category-pension-funds","category-senior-investors","category-variable-annuities","tag-first-allied-securities","tag-larry-glenn-boggs","tag-metlife","tag-polaris-advantage-ii"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Retirement Losses: First Allied Securities and Financial Adviser to Pay Retirees Over $1.6M for Investment Advice, MetLife to Pay Another $189M to Individuals Owed Pensions, and Duke University Will Pay Over $10M to Settles Lawsuits Alleging ERISA Violations &#8212; Investor Lawyers Blog &#8212; February 4, 2019<\/title>\n<meta name=\"description\" content=\"First Allied Securities and Financial Adviser to Pay Retirees Over $1.6M for Investment Advice, MetLife to Pay Another $189M to Individuals Owed Pensions, and Duke University Will Pay Over $10M to Settles Lawsuits Alleging ERISA Violations\" \/>\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\/retirement-losses-first-allied-securities-and-financial-adviser-to-pay-retirees-over-1-6m-for-investment-advice-metlife-to-pay-another-189m-to-individuals-owed-pensions-and-duke-university-will\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Retirement Losses: First Allied Securities and Financial Adviser to Pay Retirees Over $1.6M for Investment Advice, MetLife to Pay Another $189M to Individuals Owed Pensions, and Duke University Will Pay Over $10M to Settles Lawsuits Alleging ERISA Violations &#8212; 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