Great-West Life & Annuity Insurance Co. and its Empower Retirement unit have filed a lawsuit against Empower Geographics Inc. and its president for threatening to sell the empower.com domain to Empower Retirement's competitors “and professional cybersquatters.”
According to a suit filed in federal court in Illinois, Great-West accuses Empower Geographics, which is based in the Chicago suburbs, of trademark violations, deceptive trade practices and unfair competition. It charges that from June 2016 on, the Empower site “appeared to be solely used for the purposes of advertising the sale of the domain.”
The suit says that negotiations between the parties have failed as a result of the defendants’ demands.
Great-West is seeking “actual damages, lost profits, consequential damages, exemplary damages, statutory damages, and any other damages allowable under law.”
Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
