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annuity churning

Fifth Third Securities Hit With $6M Regulatory Sanction Over Variable Annuity Sales
Fifth Third Securities Hit With $6M Regulatory Sanction Over Variable Annuity Sales 150 150 Rex Securities Law

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…

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Houston Based Valic Financial Advisors Fined $1.75M by Securities Regulator
Houston Based Valic Financial Advisors Fined $1.75M by Securities Regulator 150 150 Rex Securities Law

November 2016-Houston, Texas The Financial Industry Regulatory Authority (FINRA) fined Valic Financial Advisors  (VFA)$1.75 million for conflicts of interest related to the way it compensates brokers selling annuities. FINRA found…

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Michael B. Inderlied-Former Wilbanks Securities Broker-Discloses Customer Disputes & Terminations
Michael B. Inderlied-Former Wilbanks Securities Broker-Discloses Customer Disputes & Terminations 150 150 Rex Securities Law

August  2016-Frisco, Texas The FINRA records of Michael B. Inderlied ,  a  stock broker who is currently not licensed and who was last employed by Adirondack Trading Group   disclose  a prior regulatory event, 2 prior customer…

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Thomas Schober- Former SII Investments Stockbroker-Sued by Customer Over Annuity Investments
Thomas Schober- Former SII Investments Stockbroker-Sued by Customer Over Annuity Investments 150 150 Rex Securities Law

UPDATE MARCH 2017– Thomas Schober, formerly a broker with SII Investments discloses a pending customer dispute and two prior customer disputes that have been resolved. All of the disputes relate…

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Dalton Strategic Investment Services Stock Broker Sanctioned Over Annuity Sales- Coral Gables, FL
Dalton Strategic Investment Services Stock Broker Sanctioned Over Annuity Sales- Coral Gables, FL 150 150 Rex Securities Law

October 14, 2015-Coral Gables, FL Andrew M. Abern , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he failed…

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