The broker recommended more than 100 registered index-linked annuity (Rila) transactions, many involving exchanges of existing Rilas or other securities.

World Investments LLC has been censured and fined US$100,000 by Finra over its compliance failure with Regulation Best Interest (Reg BI), according to a letter released by the self-governing body on Monday. The Lincroft, NJ-headquartered broker recommended over 100 Rila transactions between April 2022 and November 2023. Many of those included recommendations that its retail customers sell existing Rilas or other securities (including variable annuities), or non-securities products (including fi