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This firm was never more than an insurance machine. Masking as a full-service investment/retirement company. Sold (mostly) via slick content-thin promotional videos and purchased infomercials.
Insurance can and should be a valuable part of most retirement plans. It should never be the only component. A smart insurance broker will handle your insurance needs and refer you to a qualified securities/stock or CFP firm.
The miserly mindset of Indiana’s state government toward regulations, oversight, and enforcement reveals a brutal truth about the thin line between honesty and dishonesty. And that government ought to be the best entity we have to protect us from those who choose to be dishonest with our fortunes. Simply put, it is yet another sign that Indiana is NOT a state that works.
He seemed like such a nice young man.
I hope the owner(s) of the $2.6 million referenced above recovered most/all of their funds. Disgraceful.