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https://www.finra.org/rules-guidance/key-topics/variable-annuities
May 08, 2018 · Deferred variable annuities are hybrid investments containing securities and insurance features. Their sales are regulated both by FINRA and the Securities and Exchange Commission (SEC). These annuities offer investors choices among a number of complex contract features and options. Due to the complexity and confusion surrounding them, which can lead to questionable sales practices, variable ...
https://www.finra.org/investors/learn-to-invest/types-investments/annuities
The two most common types of annuities are fixed and variable. There is also a hybrid called an indexed annuity, also referred to as an equity-indexed annuity or a fixed-index annuity. Variable annuities are securities and under FINRA's jurisdiction.
https://www.annuity.org/annuities/regulations/
The authority attributes the volume of complaints about variable annuities to their complexity and the confusion surrounding them, which can lead to what regulators deem questionable sales practices. A FINRA rule governing variable annuities establishes standards for people who sell these products.
https://www.jdsupra.com/legalnews/finra-s-variable-annuity-enforcement-66133/
Aug 03, 2018 · FINRA’s Variable Annuity Enforcement Efforts in 2018. Andrea Gordon, Brian L. Rubin. Eversheds Sutherland (US) LLP ... Waiver, and Consent (AWCs) and has filed two complaints …
https://www.thinkadvisor.com/2014/07/28/variable-annuities-a-top-source-of-customer-compla/
Jul 28, 2014 · Variable annuities a top source of customer complaints: FINRA Two top officials at the Financial Industry Regulatory Authority and the Securities and Exchange Commission recently highlighted their ...
http://www.brokeandbroker.com/2975/finra-4530-/
That Customer Complaint May Not Be A FINRA Reportable Event ... not all complaints pertaining to customer accounts are prepared and sent by the customer. ... E*Trade Rule 4511 Burris Lehman Brothers Scottrade Identity Theft Disclosure Bharara Hacking Rule 4530 Fiduciary TRO Crypto Hacker OWB Variable Annuity MSSB Unfair Competition Broker ...
https://www.financial-planning.com/news/finra-charges-broker-walter-marino-with-unsuitable-advice
FINRA has warned investors about the risks of annuity exchanges since at least 2006, and the regulator has been active in enforcement in the past year, assessing a record $176 million in fines. ...
https://www.investmentnews.com/complaints-surface-at-finra-over-buffer-annuities-70443
Jan 03, 2017 · Complaints surface at Finra over buffer annuities ... A new type of variable annuity called a buffer annuity is beginning to gain attention from regulators. It is highly complex and uses ...
https://www.financial-planning.com/news/client-wins-1m-in-finra-arbitration-from-wilbanks-securities
Apr 21, 2017 · A broker-dealer must pay a client over $1 million after she accused the company of fraud in connection with her variable annuity investment, according to a FINRA arbitration decision.
https://us.eversheds-sutherland.com/NewsCommentary/Legal-Alerts/213367/FINRAs-Variable-Annuity-Enforcement-Efforts-in-2018
Aug 03, 2018 · From January through July 2018, the Financial Industry Regulatory Authority (FINRA) has continued its focus on variable annuities (VAs), particularly related to exchanges and multi-share class VAs. FINRA has thus far settled 16 VA cases through Letters of Acceptance, Waiver, and Consent (AWCs) and has filed two complaints related to VA misconduct. This review of FINRA’s VA …
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_variableannuities
Oct 30, 2018 · Exchanging One Variable Annuity For Another . ... FINRA — FINRA is an independent self-regulatory organization charged with regulating the securities industry, ... You may contact your state insurance commissioner with questions or complaints about variable annuities.
https://www.investopedia.com/terms/f/finra.asp
The Financial Industry Regulatory Authority (FINRA) is an independent, nongovernmental organization that writes and enforces the rules governing registered brokers and broker-dealer firms in the ...
https://www.stocklaw.com/securities-fraud-blog/2017/october/beware-buffer-annuities-misrepresentations-and-o/
This year, complaints are up concerning buffer annuities, described by InvestmentNews as a "sort of cross between indexed and variable annuities." Said one financial professional, "I can't think of two more odious products than a combination of a variable annuity with a structured product."
https://us.eversheds-sutherland.com/portalresource/lookup/poid/Z1tOl9NPluKPtDNIqLMRV56Pab6TfzcRXncKbDtRr9tObDdEq0JDmO3!/fileUpload.name=/FINRA%20Variable%20Annuities%20Trends%20-%202018%20year%20end%20(002).pdf
to variable annuities (VAs), particularly focusing on exchanges and multi-share class VAs. In 2018, FINRA settled 28 VA cases through Letters of Acceptance, Waiver, and Consent (AWCs) and filed three complaints related to VAs. This review of FINRA’s VA enforcement cases identifies 2018 enforcement
https://www.kiplinger.com/article/insurance/T003-C000-S002-an-annuity-you-really-should-avoid.html
Sep 01, 2010 · An Annuity You Really Should Avoid. ... consider buying a deferred variable annuity ... see the Financial Industry Regulatory Authority's investor alert on equity-indexed annuities at www.finra ...
https://www.silverlaw.com/finra-sales-practice-violations.html
In these instances, the transaction is considered a variable annuity “switch” transaction and is a violation of state insurance laws and financial services industry rules and regulations which may be a cause of action in a FINRA arbitration claim for damages. READ MORE5/5
https://www.annuity.org/annuities/types/variable/
This has led to what regulators say are questionable sales practices making variable annuities a leading source of investor complaints to the (FINRA). Surrender charge – If you take some or all of your money out of your annuity earlier than the contract allows, you usually will have to pay a …
https://www.investor.gov/introduction-investing/basics/investment-products/variable-annuities
Variable Annuity Fees and Expenses ... FINRA — FINRA is an independent self-regulatory organization charged with regulating the securities industry, ... You may contact your state insurance commissioner with questions or complaints about variable annuities.
https://www.securitieslawattorneys.net/lincoln-investment-planning-sanctioned-over-variable-annuity-exchanges/
Oct 05, 2018 · FINRA also stated that over 50% of the ~2,800 annuity exchanges conducted by its representatives were not included in its surveillance report because of these oversights. The firm was censured and issued a fine of $35,000, in addition to correcting its surveillance report such that it includes all variable annuity exchanges.
https://www.thinkadvisor.com/2014/06/30/variable-annuities-a-top-source-of-customer-compla/
Jun 30, 2014 · Variable Annuities a Top Source of Customer Complaints: FINRA FINRA says it is "very focused" on VAs, particularly on more complex ones that have caps and buffers to manage market risk.
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