FINRA Sanctions Metlife $25 Million For Variable Annuity Replacement Sales Complaints

In 2016, The Financial Industry Regulatory Authority (FINRA) fined MetLife Securities, Inc. $20 million and also ordered the payment of $5 million in restitution for complaints related variable annuity sales. FINRA found that Metlife had committed negligent misrepresentations and omissions when selling variable annuity replacements for tens of thousands of customers. The misrepresentations and omissions […]