Month: March 2014
FINRA Awards suggest that variable annuities remain a problem
Based on recent awards, it appears that variable annuities continue to be a problem in the securities industry. From January 1, 2013 to...
AXA Fined $25 million For Variable Annuity Changes
According to Financial Advisors Magazine, the New York Department of Financial Services fined AXA SA’s U.S. unit $25 million for...
Jefferies LLC Pays $25 Million Penalty
According to the U.S. Attorney’s Office of the District of Connecticut, New York based broker dealer, Jefferies LLC, entered into a...
FINRA Awards suggest REITs remain a problem
Based on recent awards, it appears that REITs continue to be a problem in the securities industry. From January 1, 2013 to December 31,...
Two Brokers Charged in Variable Annuities Scam
According to Reuters, the Securities and Exchange Commission has filed charges against two brokers that allegedly carried out a scheme to...
SEC Sanctions Western Asset Management $21 Million
According to the Securities and Exchange Commission (SEC), Western Asset Management Company has agreed to pay more than $21 million to...
