Bad Annuity Sales Still An Issue for SEC

The Securities and Exchange Commision says it’s still running into unsuitable sales of retirement products and variable annuities to senior citizens.

Carlo di Florio, director of the commission’s Office of Compliance, Inspections and Examinations, blames the problem in part on companies that sell annuities but lack proper tools to determine whether a certain product is appropriate for a specific customer...

WSJ: Bad Annuity Sales Still An Issue for SEC
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