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Home / Opinion Digests / Adviser was not employee, supervision claim fails (access required)

Adviser was not employee, supervision claim fails (access required)

Where the owner of two annuities alleged Allianz Life negligently supervised her financial adviser who transferred proceeds from her annuities into a Ponzi scheme, her negligent supervision claim failed as a matter of law because the financial adviser was not an Allianz employee. Background On Oct. 21, 2019, plaintiffs filed a complaint against Allianz Life Insurance Company ...