BD Fined $100K Over Deferred VA Exchanges
May 27, 2026 by Melanie Waddell
The Financial Industry Regulatory Authority has fined a firm $100,000 for failing to supervise recommendations of exchanges of deferred variable annuities, which violated Regulation Best Interest, and for failing to surveil for inappropriate rates of deferred VA exchanges.
From at least April 2022 to November 2023, World Investments LLC also failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to supervise recommendations of purchases and exchanges of registered index-linked annuities, according to FINRA’s order.
Originally Posted at Think Advisor on May 19, 2026 by Melanie Waddell.
Categories: Industry Articles
