Banc One fined for deferred VA sales
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
Banc One Securities Corporation of Chicago was fined $225,000 by the Financial Industry Regulatory Authority for making unsuitable sales of deferred variable annuities to 23 customers, and for having inadequate systems and procedures governing annuity exchanges.
FINRA officials said in a statement
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