New York Securities Fraud Lawyers Blog
The Financial Industry Regulatory Authority Inc. (FINRA) announced in a News Release on November 2, 2016 that it fined eight broker-dealer firms regarding failures to supervise the sale of variable annuities. FINRA announced that the following firms were fined a total of $6.2 million:
- VOYA Financial Advisors Inc., of Des Moines, IA, was fined $2.75 million;
- Cetera Advisor Networks LLC of El Segundo, CA, was fined $750,000;