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 and accurately describe the costs and benefits of variable annuity (VA) exchanges, and for recommending exchanges without a reasonable basis to believe the exchanges were suitable for customers. The … Continue reading Fifth Third Securities Hit With $6M Regulatory Sanction Over Variable Annuity Sales → The post Fifth Third Securities Hit With $6M Regulatory Sanction Over Variable Annuity Sales appeared first on Rex Securities Law BLOG.

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