Changing the Game: SEC Brings Enforcement Action for Exchanging Annuities

June 22, 2022 by National Law Review, Volume XII, Number 171

On Monday, May 25, 2022, the U.S. Securities and Exchange Commission issued an Order Instituting Administrative and Cease-And-Desist Proceedings (“Order”) against RiverSource Distributors, Inc. (“RDI”) with respect to exchanges it made with existing customers between January 2017 and May 2018 of variable annuities

Click HERE to read the full story via The National Law Review

Originally Posted at The National Law Review on June 21, 2022 by National Law Review, Volume XII, Number 171.