Re: Annuities

From what you described you may be able to rescind the transaction. Which essentially will roll the clock back on the transaction to where it began. With this, you would need to calculate the difference between where you were and where you are to identify the damages.

Keep in mind, you may be in a position that you are better off (even with a loser) than you would have been without moving the investment.

More information is necessary.

Please contact my office if you wish to discuss this. I was a broker/dealer compliance officer in a past life and understand your concerns and potential remedies.

Re: Annuities

It sounds like the broker ommitted or misrepresented material facts critical to your decision to purchase the annuity. You may have the remedy of rescission (sell the annuity back to the broker for the amount paid plus interest) available to you as well as potentally other damage remedies. However, it is difficult to determine without more facts. Please call my office to discuss further, I have a nationwide practice handling securites matters.