BBVA Securities failed to watch how often its reps swapped out deferred variable annuities. They relied on checking each trade one by one instead of looking at the big picture. Failure to monitor rates of deferred variable annuity (VA) exchanges BBVA Securities Inc. failed to watch deferred VA exchange rates. This lapse lasted from March […]
BBVA Securities Faces $150,000 Fine For FINRA Violations Read More »
Mark Joseph Boucher and his firm, Strategic Wealth Advisor Group Services Inc. (SWAG), faced serious fraud charges from the Securities and Exchange Commission (SEC). On February 8, 2022, the U.S. District Court for the Southern District of California ruled against Boucher and SWAG. The SEC accused them of misusing over $2.2 million from client accounts
Mark Joseph Boucher Suspended Read More »
Financial advisors play a critical role in helping people manage their investments and plan for the future. Among these professionals is Raymond Lawrence Lent, who has come under scrutiny by the Securities and Exchange Commission (SEC). The SEC found that Lent and his firm, The Putney Financial Group, engaged in practices that harmed investors. They
Ray Lent: Advisor Complaints Uncovered by SEC Read More »
Annuities are booming, but many buyers are scratching their heads. Recent data shows a record $110 billion in annuity sales last quarter, up 26% from 2023. Yet, despite this surge, investors often feel lost in a maze of complex terms and options. Why the disconnect? It’s like buying a fancy gadget without knowing how to
Why Many Investors Are Unhappy With Annuities Read More »
Robert A. Daly, a top-ranked Morgan Stanley broker, has been barred by FINRA. This shocking news rocked the financial world on October 10, 2024. Daly, a 25-year veteran in the brokerage industry, was part of a prominent team managing $9.2 million in assets. His fall from grace serves as a stark reminder of the importance
Morgan Stanley Broker Robert A. Daly Barred By FINRA Read More »