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'We are so optimistic': GiGi's Playhouse plans on forging ahead after fire


KVRR Local News
May 13, 2021
Below a charred roof at the strip mall, three words hang tough: educate, inspire and believe.
Those three words embody the mission behind GiGi’s Playhouse: North Dakota’s first and only Down syndrome achievement center.
“We will get through this together and we will all rise together to really help GiGi’s back to help educate, inspire and believe,” said GiGi’s Playhouse Executive Director Heather Lorenzen. “When we look at the facility here and being here for over five and a half years, it is devastating because we lost everything.”
GiGi’s unit was completely destroyed by the fire and the non-profit has been forced to temporarily pause its programs. ....

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Ohio National broker pitched VA trades as "infinite banking": Finra


Ohio National broker pitched VA trades as ‘infinite banking’: Finra
The B-D s $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.
May 3, 2021
2
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A top-selling broker at a broker-dealer owned by Ohio National Financial Services for years recommended an unsuitable investment strategy to clients involving variable annuities and whole life insurance policies that he characterized as “building your own bank” or “infinite banking,” according to the Financial Industry Regulatory Authority Inc.
On Friday, Finra penalized that broker-dealer, the O.N. Equity Sales Co., $1.3 million for failing to supervise the broker, who is not named in the Finra settlement. The penalty has two parts: The firm agreed to pay a fine of $275,000 and restitution to clients of $1 million, according to the settlement, w ....

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