FINRA and SEC Warn About Annuity Risks

July 9, 2012 by Melanie Waddell

FINRA is looking closely at disclosure, suitability and yield-chasing practices associated with VAs

By Melanie Waddell, AdvisorOne

June 26, 2012 •

Officials from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued some warnings about annuities on Tuesday.

FINRA views variable annuities (VAs) as complex products, Daniel Sibears, executive vice president of member regulation programs at FINRA, told attendees at the Insured Retirement Institute’s (IRI) government, legal and regulatory conference in Washington. Click here to read more…

Originally Posted at AdvisorOne on June 26, 2012 by Melanie Waddell.