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Meyer Wilson

Recovering Losses caused by Investment Misconduct

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AIG SunAmerica

AIG was founded in 1919 in Shanghai and then brought to America in 1926 as American General Insurance Company. Since then, the company has acquired VALIC (1977), Western National Life (1998) and American General (2001). AIG also acquired SunAmerica in 1999. SunAmerica Inc. is a financial services company specializing in retirement savings and investment services.

In 2008, the Federal Reserve provided an $85 billion, two-year loan to AIG to prevent bankruptcy and further stress on the global economy. In return, the U.S. government now owns 79.9 percent stake in the company while existing stockholders have lost nearly their entire value. Still, AIG is the world's leading international insurance and financial services organization with operations in more than 130 countries and jurisdictions. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica. AIG SunAmerica, as the retirement savings division of AIG, provides products and services to more than 4 million families nationwide. The firm's common stock is traded on the NYSE and several major stock exchanges around the world.

A securities brokerage firm licensed by FINRA, AIG SunAmerica has a legal duty to supervise its brokers and its brokers' recommendations to clients to ensure compliance with and prevent violations of the rules of the security industry. When an individual broker is negligent or acts in an unlawful manner against the interests of the client and that client suffers damages as a result of such wrongdoing, the firm may be held liable for the investor's losses.

The law firm of Meyer Wilson has the experience, expertise and financial resources to represent clients with investor claims against securities brokerage firms such as AIG SunAmerica Our firm represents clients with investor claims in federal and state courts, and in arbitration through The Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA) and private arbitration. We also represent international clients with claims against brokerage firms in the United States through FINRA.

To determine whether you have a case against AIG SunAmerica for your losses, call us toll-free at 1.866.827.6537 or complete our online form for a free case evaluation.