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FINRA Fines Woodbury $225,000 Over Variable Annuity Supervision Issues

The Financial Industry Regulatory Authority has fined Woodbury Financial Services, an independent broker-dealer in the Advisor Group network, for not having a system in...

Massachusetts Regulator Fines Infinex for Improper VA and REIT Sales

The Massachusetts Securities Division, led by Secretary of the Commonwealth William Galvin, has fined broker-dealer Infinex Investments Inc. for failing to supervise agents who...

FINRA Bars Broker for Fraudulent Variable Annuity Exchange, Falsifying Documents

The Financial Industry Regulatory Authority has barred a former Navy Federal Brokerage Services advisor for allegedly engaging in securities fraud, making unsuitable recommendations, and...

FINRA Fines Fifth Third Securities $4 Million for Unsuitable Variable Annuity...

The Financial Industry Regulatory Authority Inc. has fined Fifth Third Securities Inc. $4 million and required the firm to pay approximately $2 million in...