Variable Annuities

Posts In Variable Annuities

UnionBanc Investment Services Fined $100k for Variable Annuity Supervision Woes May 11
FINRA fined UnionBanc Investment Services of Glendale, California $100,000 for failing to adequately ...
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A Truly International Operation: Northstar Financial Services (Bermuda)'s Liquidation Will Result in Significant Losses May 06
On March 26, 2021, the Supreme Court of Bermuda issued an order against Northstar Financial Services ...
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FINRA Issues $1.3 Million Punishment After ONESCO's Unsuitable "Infinite Banking" Strategy of Variable Annuities Investments Nets Firm Over $732,000 in Commissions While Customers Incur $371,000 in Charges and Additional Damages May 04
FINRA fined Ohio National Life Insurance's ON Equity Sales Company (ONESCO) $275,000 and ordered $1 ...
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The Logan Group Securities Cited for Multi-Share Class Variable Annuity Violations Mar 25
FINRA fined and censured The Logan Group of Roseville, California for failing to establish, ...
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Megurditch Patatian Accused of Unsuitable REIT Recommendations Funded Through VA Surrenders Mar 02
FINRA filed a complaint against former Western International Securities broker Megurditch Mike ...
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VALIC Financial Advisors Fined $350,000 for Variable Annuities Failures After Prior $1.75 Million Fine Feb 25
FINRA continued its crackdown on firms with deficient variable annuities (VAs) policies and ...
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