Richard Proteau

Richard Proteau has worked in the financial industry all of his professional life. After earning different financial industry designations such as FLMI, CLU, RHU, and CFP, Richard wrote many articles regarding fiscal laws pertaining to investments and life insurance. His last position was as Vice President of sales in the province of Quebec for a large insurance company. He has been a speaker at many industry conferences. He is currently involved in the financial industry as an advocate for the...See more

Richard Proteau has worked in the financial industry all of his professional life. After earning different financial industry designations such as FLMI, CLU, RHU, and CFP, Richard wrote many articles regarding fiscal laws pertaining to investments and life insurance. His last position was as Vice President of sales in the province of Quebec for a large insurance company. He has been a speaker at many industry conferences. He is currently involved in the financial industry as an advocate for the consumer rights of investors and insurance policy holders. He is currently lobbying for changes to regulations of segregated funds to protect consumers against the illegal commercial practices used by advisors and insurers. Richard is also working on submitting a report on the commercial practices of insurance companies. The first important conclusion of this report is that insurance companies have monopolized the influence over the decisional process regarding the changes needed to modernize regulations in this industry. The consumer is not represented. In fact, the power of the insurance lobby is so great that it has prevented any meaningful changes in this industry for the last 40 years with the objective of limiting the sophistication of the consumer's response in relation to toxic financial products these companies have sold. Richard Proteau first book was "UNRAVELING THE UNIVERSAL LIFE SCAM" which proved the criminal activities of insurance companies used in selling Universal Life. See less