{"id":11392,"date":"2024-07-01T12:58:14","date_gmt":"2024-07-01T16:58:14","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11392"},"modified":"2024-07-01T12:58:14","modified_gmt":"2024-07-01T16:58:14","slug":"scott-silver-speaks-after-nonprofit-wins-7-3m-arbitration-against-principal-securities","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/scott-silver-speaks-after-nonprofit-wins-7-3m-arbitration-against-principal-securities\/","title":{"rendered":"Scott Silver Speaks After Nonprofit Wins $7.3M Arbitration Against Principal Securities"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9853 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg\" alt=\"The Rosenau Family Research Foundation, a nonprofit that funds medical research, has alleged that Principal Securities engaged in misuse of variable annuities, as well as churning and selling away while handling the Foundation\u2019s investments.\n\nIn an interview with Investment News, Silver Law Group\u2019s managing partner Scott Silver stated, \u201cThere\u2019s a lack understanding around these products, variable annuities, and they are rarely the best option for investors. It has been and still is a massive problem for investors. And the insurance companies and broker-dealers that focus on annuities are trying to punch holes in new standards, like Regulation Best Interest, that protect investors.\u201d\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Rosenau Family Research Foundation, a nonprofit that funds medical research, has alleged that Principal Securities engaged in misuse of variable annuities, as well as churning and selling away while handling the Foundation\u2019s investments. <a href=\"https:\/\/www.silverlaw.com\/blog\/scott-silver-speaks-after-nonprofit-wins-7-3m-arbitration-against-principal-securities\/#more-11392\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Rosenau Family Research Foundation, a nonprofit that funds medical research, has alleged that Principal Securities engaged in misuse of variable annuities, as well as churning and selling away while handling the Foundation\u2019s investments. Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,588],"tags":[],"class_list":["post-11392","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-finra-arbitration"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scott Silver Speaks After Nonprofit Wins $7.3M Arbitration Against Principal Securities<\/title>\n<meta name=\"description\" content=\"The Rosenau Family Research Foundation has alleged that Principal Securities engaged in misuse of variable annuities, churning, and selling away while handling the Foundation\u2019s investments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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investments.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/03\/FiverRecoverysmall.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/scott-silver-speaks-after-nonprofit-wins-7-3m-arbitration-against-principal-securities\/","url":"https:\/\/www.silverlaw.com\/blog\/scott-silver-speaks-after-nonprofit-wins-7-3m-arbitration-against-principal-securities\/","name":"Scott Silver Speaks After Nonprofit Wins $7.3M Arbitration Against Principal 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