October 1, 2015- Decatur, Illinois
Investment Planners, Inc. , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that between April 2013 and April 2014 the company failed to have an adequate supervisory system and written supervisory procedures (WSPs) in place to ensure that certain variable annuity charges were accurately disclosed to customers in violation of NASD and FINRA Rules.
AWC No. 2014039222502
Investment Planners was fined $10,000 and censured.
Investment Planners Inc. has been a FINRA member since 1987, has 50 branch offices nationwide and about 100 brokers. They are headquartered in Decatur, Illinois.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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