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BD Hit With Reg BI Fine Over Annuity Exchanges
News May 29, 2025 at 02:07 PM
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What You Need To Know
- AAG Capital was fined $100,000 and ordered to pay nearly $39,000 in restitution for exchanges into registered index-linked annuities.
- The firm failed to reasonably consider various disadvantages of the exchanges, according to FINRA.
- Many of the exchanges forced customers to give up highly valuable death benefits or pay surrender charges.
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