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August 24, 2010
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Washington 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?    
 
 
A variable annuity has two phases: an accumulation phase and a payout phase.
During the accumulation phase, you make purchase payments, which you can allocate to a number of investment options. For example, you could designate 40% of your purchase payments to a bond fund, 40% to a U.S. stock fund, and 20% to an international stock fund. The money you have allocated to each mutual fund investment option will increase or decrease over time, depending on the fund's performance.

 


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Latest news about Annuity cases in Washington and nationwide:

Botetourt Woman Pleads Guilty To Mail Fraud And Money Laundering
United States Attorney John L. Brownlee announced today that Monica Yates, age 40, of Daleville, Virginia, pleaded guilty to one count each of mail...
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Local attorney indicted by federal grand jury on tax charges
Washington, D.C. - United States Attorney for the District of Columbia Roscoe C. Howard, Jr., Vicki S. Duane...
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California Leads Securities Regulators Crackdown on Promissory Note Fraud
Since the sweep began in July of 1999, California regulators have also taken enforcement action against 185 individuals and 4...
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Annuity Lawyers.com Terms

 


Today's Terms

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

Accidental Dismemberment

Definition:
Bodily injuries sustained solely through violent, external and accidental means, and as a direct result of the bodily injuries, independently of all other causes, and within 90 days afterwards, you lose your limb or eyesight.

Accidental Death

Definition:
Bodily injuries sustained solely through violent, external and accidental means, and as a direct result of the bodily injuries, independently of all other causes, and within 90 days afterwards, you lose your life.

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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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