Wells Fargo Advisors Ordered to Pay $4.2M for Unsuitable Variable Annuity Recommendations

Variable annuities continue to plague conservative investors who trusted their advisors to act in good faith. We have spent decades watching Wall Street firms push ...

Variable Annuity Overcharges Cost 127 Clients $1.2M, FINRA Arbitration Reveals

FINRA arbitrators ordered $1.18 million in damages for 127 clients overcharged on variable annuity share classes by advisor Robert Chen.

Former Merrill Lynch Broker Barred for Churning That Cost Retirees $890K

FINRA permanently barred former Merrill Lynch broker James Richardson for excessive trading that cost elderly clients $890,000 in retirement losses.
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