Finra report hints at trouble with L-share variable annuities
December 12, 2017 by Greg Iacurci
Variable annuities sold in an L share continue to turn up as products plaguing broker-dealers and their compliance departments.
Finra, in a recent report detailing its examination findings, called out “multi-share class and complex products” as a primary area of failure for brokerage firms, which struggle to ensure that products their representatives sell are suitable for investors.
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Originally Posted at InvestmentNews on December 8, 2017 by Greg Iacurci.
Categories: Industry Articles
