Finra fines Ameritas $180,000 over VA sales
November 14, 2017 by InvestmentNews
The Financial Industry Regulatory Authority has censured and fined Ameritas Investment Corp. $180,000 for lapses in the supervision of variable annuity sales.
In a letter of acceptance, waiver and consent, Finra said that between September 2013 and July 2015, Ameritas “failed to establish, maintain and enforce an adequate supervisory system and written supervisory procedures related to the sale of multi-share class variable annuities.”
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Originally Posted at InvestmentNews on November 9, 2017 by InvestmentNews.
Categories: Industry Articles