Also, US indexed annuity sales and Canadian life insurance premiums are out for Q1 2025; new indices and features are added for fixed index annuity and lifer.
The Financial Industry Regulatory Authority (Finra) has fined AAG Capital US$100,000 and ordered the firm to pay restitution of US$38,591 for exchanging retail customers’ insurance policies, FIAs and variable annuities for more costly Rila products. The exchanges violated the SEC’s Regulation Best Interest (Reg BI). The Florida-based brokerage, a Finra member since 1962, has failed to ‘establish and maintain written policies and procedures and a supervisory system’ reaso