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Annuity Advisor Settles With SEC Over Product Recommendations
By
Allison Bell
News May 21, 2024 at 02:21 PM
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What You Need To Know
- Life insurers paid an average upfront commission of 6.8% for the variable annuities Lent sold.
- The SEC says he should have considered offering the clients fee-based annuities.
- The SEC also objected to the money market fund he used.
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