Investment Protection, Account Abuse, Schemes and Frauds, Broker Dealers, Misrepresentation, Investment Advisors, HedgeFunds, MutualFunds, Account Churning, Turnover Ratio, Variable Annuities, Fixed Annuities and Suitability


Richard Unangst, Educator, 480.433.0996

Founder: Richard Unangst was a Regulator for 15 Years. He was employed for 6 1/2 years as a State Insurance Examiner, Examining New York Life, Metropolitan Life’s Property and Casualty Company, Jackson National Life Insurance Company among many other Life Insurance Company’s.

In 1997 Richard was invited to join the Arizona Securities Division as a financial Institution examiner because of his extensive financial auditing and insurance background. In 1999 he was appointed Supervisor of all of the Division’s Examiners, supervising the examinations of Broker Dealers and Investment Advisors for state statute and sales practice compliance.  He also worked closely with staff members of the U. S. Securities and Exchange Commission (SEC), the National Association of Securities Dealers Regulation (NASD), and other state regulators.  He was a member of the North American Administrator’s Associations (NASAA) Investment Advisor outreach project group, which worked on developing a national electronic filing and registration depository for investment advisors. Richard served as Chairman of the NASAA Investment Advisor Outreach Committee, where he was specifically recognized for his work in preparing

PowerPoint presentations for investment advisors in transitioning to an electronic filing and registration system, and preparing the States with PowerPoint presentations to accept the transitioning of the Investment Advisor’s to the electronic filing system. His PowerPoint Presentations were posted on NASAA’s National website for 8 years. In May of 2004 Richard retired from State Service, and was awarded a Special Recognition Plaque with his retired Badge affixed, thanking him for his friendship and service to the Arizona Securities Division.

As Examination Unit Supervisor for the State of Arizona Securities Division, He examined Broker Dealers and Investment Advisors. During his tenure at the Securities Division he conducted Investor Education Seminars (Teaching Investors how to protect themselves against fraud, scams, and high pressure tactics by salesmen) at various locations in the State of Arizona; he also authored PowerPoint Presentations on Variable and Fixed Annuities, which he conducted at the Securities Division to educate the Attorneys and Examiners on the understanding of Annuities.

After retiring from the State of Arizona he was employed for 2 years as an Examiner for the National Association of Securities Dealers (NASD) now called Financial Industry Regulatory Authority (FINRA) at District 8 in Chicago, Illinois. The then (NASD) now (FINRA) is over sighted by the Securities Exchange Commission a branch of the Federal Government. Most of Richard’s professional career has been dedicated to protecting the public against unsuitable Sales Practices and Market Conduct activities.


In the PowerPoint presentation Richard will share with you various experiences as a regulator on the topics mentioned above. These experiences could help you to protect yourself against not only unlicensed Salesmen but also licensed Broker Dealer Representatives, Investment Advisors, and Insurance Agents. He will explain what Ponzi Schemes and Affinity Schemes are, how to recognize them and how to protect yourself against these insidious Schemes.

Following the Presentation there will be a question and answer period.

*(Presentations in your Clubhouse, Office, Conference Room or Home,

   Groups of 5 or more persons). Contact me for scheduling.