Month: June 2025

On June 9, 2025, the North American Securities Administrators Association (NASAA) announced a $9.3 million settlement with Edward Jones, TD Ameritrade, LPL Financial, RBC Capital Markets and Stifel, arising from allegations that the firms charged excessive fees to...

Three recent proceedings reflect the level of attention given by FINRA’s Department of Enforcement to sales of variable annuities to retail customers. The first of the three proceedings involved a general securities representative who had been registered through...