Are annuities an investment? A new SEC lawsuit against a financial advisor argues yes

March 28, 2023 by Dan Shaw

Amid a historic boom for annuities, regulators are signaling to financial advisors that the pension-like products are just like any other investment when it comes to disclosing conflicts of interest.

The Securities and Exchange Commission filed a lawsuit on March 17 against Jeffrey Cutter, a registered investment advisor in Falmouth, Massachusetts, and his firm, Cutter Financial Group, alleging they failed to disclose that the annuities they put clients into came with a  commission.

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Originally Posted at Financial Planning on March 21, 2023 by Dan Shaw.