Tag Archives: variable

Variable Annuity Sales Rise in 2018

Investor Alert: Variable Annuity Sales Increase in 2018 According to an article in Investment News today, independent broker-dealers saw a  rise in sales of variable annuities last year, with 39% of overall VA sales in 2018. Independent broker-dealers sold $39.4 … Continue reading

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Charla Kabana Barred From the Securities Industry Over Variable Annuity Sales Practices

According to BrokerCheck records financial advisor Charla Kabana (Kabana), formerly employed by SagePoint Financial, Inc. (SagePoint) has been subject to one regulatory action, one one employment termination for cause, and multiple financial disclosures during her career.  According to records kept … Continue reading

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SEC Proposes Rule Changes Regarding Disclosures About Variable Annuities and Variable Life Insurance Contracts

On October 30, 2018 the Securities and Exchange Commission announced amendments to rules and forms designed to improve disclosures made to clients regarding variable annuities and variable life insurance contracts.  According to the SEC, the purpose of the proposed amendments … Continue reading

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Dennis Travis Subject to Customer Disputes Over Unsuitable Variable Annuity Practices

Securities attorneys at Gana Weinstein LLP are investigating The O.N. Equity Sales Company (O.N. Equity Sales) broker Dennis Travis (Travis). According to BrokerCheck records, Travis has been subject to 6 customer disputes, one of which is still pending. The majority … Continue reading

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Fifth Third Securities Hit With $6M Regulatory Sanction Over Variable Annuity Sales

Rex Securities Law-Nationwide representation of investors seeking recovery of losses due to stockbroker malpractice. May 2018 According to a FINRA News Release,  Fifth Third Securities was fined $4 million and required to pay $2 million in restitution for failing to appropriately consider … Continue reading

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