Yet Another Firm is Fined Over Annuity Sales
November 29, 2018 by Alex Padalka
Another investment management company is on the hook over alleged failures in supervising the sale of variable annuities by its representatives, according to self-regulator Finra.
From January 2013 through August this year, H. Beck allegedly failed to maintain a supervisory system and maintain and enforce written supervisory procedures while selling different share classes of variable annuities, including B-share and L-share contracts, according to a letter of acceptance, waiver and consent published by Finra.
Click HERE to read the full story via Financial Advisor IQ.