MetLife is Under Investigation for Variable Annuity Sales

Posted on November 6th, 2015 at 2:28 PM
MetLife is Under Investigation for Variable Annuity Sales

From the Desk of Jim Eccleston at Eccleston Law LLC:

MetLife Inc., the largest U.S. life insurer, is under FINRA’s investigation regarding the company's broker-dealer unit’s violations tied to variable annuities.

According to FINRA, the probe focused on potential violations “regarding alleged misrepresentations, suitability, and supervision in connection with sales and replacements of variable annuities and certain riders on such annuities.” And this investigation could lead to possible disciplinary action and potential fines from MetLife.

MetLife’s spokesman said in an e-mailed statement, “we strongly disagree with the conclusions reached by FINRA, and we will defend ourselves vigorously.”

The attorneys of Eccleston Law LLC represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

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