FINRA’s 2015 Priorities Letter – Variable Annuities

According to FINRA’s 2015 Priorities Letter, “FINRA will be focusing on the sale and marketing of “L share” annuities as these shares typically have shorter surrender periods, but higher costs.

In order to prevent and detect problematic sales practices in variable annuities, as well as assess compliance with requirements, FINRA examiners will also focus on compliance and supervisory personnel to test their product knowledge.

Please call our office at 818-657-0288 if this is an area of concern for your firm.




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