FINRA to Seek “Significant Fine” From MetLife Over Variable Annuity Sales
MetLife Inc., the largest U.S. life insurer, has reported that the Financial Industry Regulatory Authority (FINRA) plans to seek a “significant fine” from MetLife’s broker-dealer unit as part of an investigation into possible violations tied to sales of variable annuities. MetLife further reported that FINRA’s investigation concerns potential stockbroker misconduct and brokerage firm negligence, including misrepresentations, suitability, and supervision in connection with sales of variable annuities and certain riders on such annuities.
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Kaplan Rothstein Prüss Peraza, P.A. has represented numerous investors over the years involving improper sales of variable annuities. If you lost money in a variable annuity that a MefLife broker recommended and sold to you, you may have a claim to recover your investment losses. Contact a Kaplan Rothstein Prüss Peraza investment fraud lawyer for a free consultation.
