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PNC to Pay $200,000 for Lax Annuity Exchange Monitoring
News June 18, 2025 at 02:45 PM
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What You Need To Know
- PNC Investments failed to monitor its reps’ rates of deferred VA exchanges, FINRA states.
- PNCI also failed to track or further review of reps with potentially inappropriate rates of exchanges.
- FINRA has taken other enforcement actions tied to annuity exchanges in recent months.
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