BANKS #
Name
The Banksters
Contract Address
Token ID
814
Token Standard
ERC-721
Description
The Financial Industry Regulatory Authority fined Houston-based VALIC Financial Advisors, Inc., a total of $1.75 million for failing to identify and reasonably address certain conflicts of interest in the firm's compensation policy for instances when customers elected to move assets out of their VALIC variable annuities (VA), many of which were held in retirement plan accounts. The firm also failed to adequately supervise its VA business, including the sale of vas with multiple share classes. For more info visit https://www.finra.org/media-center/news-releases/2016/finra-fines-valic-financial-advisors-inc-175-million-failure-prevent
Properties
Parent Company
AIG
Company
VALIC Financial Advisors, Inc.
Violation
Financial Market Violations
Penalty
$1,750,000.00
Year
2016
Agency
Financial Industry Regulatory Authority
Jurisdiction
Federal
0 transfers found
Txn Hash
From
To
Age