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 Support The DrudgeReport; Visit Our Advertisers  COMPANIES PITCH INSURANCE AND INVESTMENTS TO SOLDIERS IN BARRACKS Mon Jul 19 2004 18:49:59 ET An in-depth investigation by the NEW YORK TIMES has found that a number of financial services companies are using questionable tactics on military bases to sell insurance and investments of doubtful suitability to the people in uniform who buy them! MORE Reporter Diana Henriques is set to detail the results of the paper's six-month examination, newsroom sources tell DRUDGE, including how investment companies have solicited soldiers in their barracks and while soldiers were on duty, all in violation of long-standing Defense Department regulations. MORE Agents have made misleading sales pitches to "captive" audiences, sometimes posing as veterans benefits counselors and independent financial advisers. Internal military investigations have even cited specific companies and agents, but almost no action has been taken to punish those responsible or to do more to protect those who are vulnerable, Henriquesis planning to report in her 3,500-word story, set for release on Tuesday Page Ones. Developing... |
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