BD Hit With $80K Fine Over Annuity Switches, Background Checks: FINRA
November 4, 2025 by Melanie Waddell
The Financial Industry Regulatory Authority has fined Supreme Alliance $80,000 for failing to supervise purchases of deferred variable annuities and rates of VA exchanges as well as failing to document registered reps’ background checks.
Supreme Alliance, based in Charlotte, North Carolina, distributes mutual funds and variable life insurance or annuities. It has about 40 registered reps across four active branches.
Originally Posted at Think Advisor on Nov 3, 2025 by Melanie Waddell.
Categories: Industry Articles
