The attorneys at Peiffer, Rosca are investigating Tauber Emmings, formerly associated with Cambridge Investment Research Inc and Gunn Allen, for offering inappropriate retirement and investment advice to a group of Xerox employees and former employees.
According to his former clients, Emmings told Xerox employees that they had enough money to retire and continue their existing lifestyle. Unfortunately, replacing the income they had been receiving at Xerox meant that they needed to withdraw between 7 and 10 percent of their retirement assets per year. As Emmings should have known, experts recommend between 3 and 4 percent. Emmings’ advice was incredibly risky.
Emmings’ customers have suffered devastating losses to their retirement savings. They all could have continued working, but were told that they could afford to retire and enjoy their “golden years.” Unfortunately, that was not the case. Most have lost hundreds of thousands of dollars.
In January, 2014, after years of advising Xerox retirees, Emmings mysteriously left the financial services industry without explanation to his clients.
The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.