Tagged with "Annuity Scheme"

Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme

Posted on November 19th, 2018 at 9:49 AM
Commonwealth Financial Network Files Lawsuit and FINRA Arbitration Claim Against Ohio National Life Insurance Company for Fraudulent Variable Annuity Scheme

In an unprecedented move, Ohio National Life Insurance Company (Ohio National) announced that starting mid-December the company will be terminating its selling agreements with brokerage firms and ceasing payments on all brokers’ trail commissions on variable annuity sales.

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Two Ex-MetLife Brokers Charged in an Annuity Scheme

Posted on January 15th, 2015 at 11:33 AM

Two former brokers for MetLife Securities Inc., Christopher Birli and Patrick Chapin, pled guilty to orchestrating an annuity scheme.

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