California Variable Annuities Broker Swapped Fluids to Close Sales

Antonio “Pedro” Vergaray Falcon of Granada Hills, California was terminated from NY Life after an internal investigation concluded that he had provided his own fluid samples instead of samples from his clients as part of the application process for variable annuities. Variable annuities are complex financial products that pay stockbrokers and insurance salesmen high commissions. Mr. Falcon’s apparent fraud is just one of the more colorful examples of how far stockbrokers will go and break the rules to sell variable annuities. If you bought a variable annuity, are disappointed with its performance, and you did not receive a complete explanation of the annuity you purchased, you may be able to recover your losses through arbitration. Contact the attorneys at Investor Defense Law LLP at no charge to find out whether you have a valid claim.

Investor Defense Law LLP is a law firm dedicated to helping investors in California, Georgia, and Washington recover losses caused by stockbrokers, financial advisers, or investment firms. To learn more, contact an investment fraud attorney at 800.487.4660.

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