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Sounds like ReJoyce Financial will need to make some Halftime adjustments
Given the general absence of humor in the comment sections, I think we need to take a moment to acknowledge a solid contribution here.
THIS!!!
He’s never been licensed in anything but insurance.
That’s a noble profession, but he left the impression he was far more adept and licensed in stocks, bonds, and other investments. He is not. Those additional licenses are much tougher to get and keep. He is not alone among insurance folks who allow folks to think they’re much more proficient at investments.
Insurance can be an important piece of investment strategy. But not the only piece. He’s likely squandered his good will in the community.
I find a lot of issues with this story. First, why does a DUI have anything to do with the story. As we all know, Irsay has been arrested numerous times for drunk driving. Second, if an investigation was only opened a few weeks ago, is there evidence to show that the money invested was used to purchase a home? Finally, the people that filed the complaint should publish their names. This story irresponsibly levels charges that have not been proven, but are being investigated. If proven that this was not the case, the damage done to this firm’s reputation could be the end of the business.
If you’re going to publish a story such as this, get all the facts and ensure the party is indeed guilty before speculating to the public.
The facts seem pretty clear. The story lists the property purchase and the purchasing entity. Not inappropriate, but irregular.
Amy, the story states provable facts, and where claims are made it properly states that the acts were only alleged (with the inference they have not yet been proven). Financial entities that have a legal fiduciary responsibility take extra care to conduct business with the highest ethical safeguards with transparency, and thus do not put their businesses in a position to suffer from a repetitional risk.
He has been on television for years implying he offers comprehensive investment advice. I’ve been in a private meeting with him with folks looking to invest an inheritance they’d received and he totally left me with the impression he was securities licensed. To be honest fixed indexed annuities lend themselves to confusion. I have all of the same lisenses as Mr. Joyce, I have no referal relationship with investment advisors. I’m not sure it’s even that possivible to sell fixed indexed annuities and refer folks to securities investment brokers without totally confusing clients as to your actual legal authority to offer advise. That’s why I’m almost totally a health insurance broker at this point.
Marcus Shrinker, anyone??? At least he didn’t jump out of his plane to fake his own death. These guys never learn.
I just felt his tv commercials were too slick. I would not have gone to one of his events on a bet.
Ouch.
David Shaw, 2003; Marcus Schrenker, 2010; Tim Durham, 2012; John K Marcum, 2013; Kevin James, 2014; Robert Nelms, 2010 AND again 2015; Jaime C Lopez, 2016; Thomas Lee Johnson, 2019; Christopher Turean, 2023; David Blaine, 2023; Alexander Joyce, 2024…and these are just in Indy!! Why do people continue to put their money/trust in these small shops? Caveat emptor!!
And sadly this list is not comprehensive
after I hit Powerball, I’m going with several different financial institutions and will make sure they’re audited monthly! If you have money, these bastards will try to steal it!