Indiana insurance regulatory authorities to examine accusations of securities fraud
Peddlers of questionable investments and illegal, for years sought clients by telephone and mailings and seminars have increasingly open to greater confidence distribution channels: insurance agent.
Among the 16 cease-fire and drain orders from records of the Indiana securities regulatory authorities this year, 11 insurance agents involved. Most were independent life insurance agents, selling, helped any doubt, Sola exchange, investment in coins and cards mobile phones.
The cases, even if only a tiny fraction state agents, are alarming because of how some companies wormed the way to one of the most widely used financial relations.
Unlike the fraudulent companies thousands of kilometres on a single phone number of person, the agent is often closely linked to a person of Finance. Who better for a person to cash in a former insurance policy for an investment doubtful?
Also disturbing is the question of whether the officers were mistaken, or were accomplices know hunger after commissions.
That’s what Henry County Public Prosecutor Kit Crane, to find out. His office has recently challenged five new castle area of insurance agents were believed sold to seek investment James R. Harrold, lives in spirit.
Last month, the Indiana Securities Division alleges that agents Harrold not sell securities and that neither he nor the agents have a license for the sale of securities.
Harrold took place, a certificate of insurance until the end of 1998, allegedly proposed to invest in a “bank debenture program” and a “capital-loan program with banks overseas.
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