$6.2 Million Fine for Supervisory Failures Related to Variable Annuity L-Shares

$6.2 Million Fine for Supervisory Failures Related to Variable Annuity L-Shares

VOYA Financial Advisors, five Cetera Financial Group broker-dealer subsidiaries, Kestra Investment Services, LLC, and FTB Advisors, Inc. were all fined by Financial Industry Regulatory Authority (FINRA) an amount totaling $6.2 million for failure to supervise sales of variable annuities.  Read more here about the sanctions.

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