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August 24, 2010
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Alabama Annuity News

 

 Last Atlantis Capital Management Appoints Former Head of Midwest Discount Brokers


  In addition to his role overseeing the firm’s regulatory operations, Mr. DeWeese is directing development of Last Atlantis’ proprietary fund management software and account management systems.

During his ten-year tenure at Midwest Discount Brokers, Mr. DeWeese held numerous positions including serving as a member of the Board of Directors. As the firm’s president from 1997 to 2002, he was directly responsible for day-to-day financial, sales and regulatory operations.

Prior to then, he served MDBI in multiple positions including National Sales Manager where he was accountable for new business development, new ventures and alliances, and overseeing a sales force of over 120 registered representatives. As the firm’s CFO, he provided risk and financial analysis for the firm’s portfolio, and conducted and oversaw the company’s internal and external audit program.

“Gary’s tremendous experience in building and managing a diverse and wide-ranging financial services company will be of significant benefit as we continuously seek to control costs and provide our clients financial flexibility,” notes Irwin Berger, Last Atlantis’ Managing Director. “His in-depth understanding of operational and regulatory issues combined with his experience in managing a widely dispersed sales operation, will help Last Atlantis develop the tools and systems we need to provide exceptional service and value to our clients.”

Prior to joining Last Atlantis, Mr. DeWeese operated an independent securities industry consultancy providing executives of boutique broker/dealers regulatory and operational guidance.

Mr. DeWeese has twice been appointed by the Missouri Secretary of State to serve on that state’s Securities Commission Advisory Panel.

About Last Atlantis Capital Management, LLC
Last Atlantis Capital Management (St. Thomas, USVI) develops and markets innovative alternative products. The Last Atlantis Master Fund is a multiple share class product with a master feeder structure currently providing investors access to fourteen different share classes. The company is founded on the experience and expertise of managing directors Irwin Berger and Stig Ostgaard, one of the original Richard Dennis “Turtles”, and the incubator and trading technology of Last Atlantis Capital, LLC, a professional trading firm.
 
  

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Did You Know?    
 
 
The NASD Reminds Members of Their Responsibilities Regarding the Sales of Variable Annuities
NASD is an independent self-regulatory organization charged with regulating the securities industry, including sellers of variable annuities. The NASD recently issued a release to its members reminding them of their responsibilities to investors in selling variable annuities (NASD Notice 99-35, "The NASD Reminds Members of Their Responsibilities Regarding the Sales of Variable Annuities").

 


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OTR Issues Advisory on Survivor Benefits


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Annuity Lawyers.com Terms

 


Today's Terms

Assignee

Definition:
The individual, corporation, or trustee to which you irrevocably transfer ownership of FEGLI coverage (except Dismemberment coverage and Option C).

Annuity Starting Date

Definition:
For most types of annuities, the first day of the month following either the date after the day you separate from service or the date after your last day in pay, whichever is earlier. If you were in pay status for three days or less in the month of your retirement, the annuity starting date is the date after either the day you separate from service or your last day in pay and in which you meet age and service requirements, whichever is earlier

COLA, CSRS

Definition:
CSRS cost of living adjustments (COLA's) provide an increase that is equal to the rate of inflation as measured by the Consumer Price Index (CPI). CSRS cost-of-living-adjustments are provided to retirees at all ages

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Annuity Law Hot Topics

 
Topics Related to Annuity:

  • Client Manipulation
  • Providing False Information
  • Lying to Auditors
  • Unauthorized Transactions
  • Breach of Fiduciary Duty
  • Broker Embezzlement

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Alabama Annuity-Law Attorney

 
If you live in the following cities and need an Annuity-Law attorney you should contact our Annuity-Law Attorney as soon as possible:

  • Alabaster
  • Albertville
  • Alexander City
  • Anniston
  • Athens
  • Atmore
  • Auburn
  • Bay Minette
  • Bessemer
  • Birmingham
  • Cullman
  • Daphne
  • Decatur
  • Dothan
  • Enterprise
  • Fairhope
  • Florence
  • Fort Payne
  • Gadsden
  • Hartselle
  • Huntsville
  • Madison
  • Mobile
  • Montgomery
  • Opelika
  • Ozark
  • Pelham
  • Phenix City
  • Pinson
  • Prattville
  • Selma
  • Sylacauga
  • Talladega
  • Theodore
  • Trussville
  • Tuscaloosa
  • Wetumpka


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