{"id":1477,"date":"2014-07-03T20:34:13","date_gmt":"2014-07-03T20:34:13","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/07\/finra_official_says_variable_a"},"modified":"2022-04-03T15:51:38","modified_gmt":"2022-04-03T20:51:38","slug":"finra-official-says-variable-a","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-official-says-variable-a\/","title":{"rendered":"FINRA Official Says Variable Annuity Sales Top Investor Complaint List"},"content":{"rendered":"

According to Financial Industry Regulatory Authority chief risk officer Carlo di Florio, variable annuities continue to among the products named the most in customer complaints. He spoke at the Insured Retirement Institute’s Government Legal & Regulatory conference in D.C. on Monday.<\/p>\n

Di Florio, who is also the head of strategy at the self-regulatory agency, said that some variable annuities are taking on features similar to complex structured products. This includes caps that restrict how high returns can reach during market rallies and buffers that place a limit on how much annuities are allowed to fall when the market drops.<\/p>\n

Annuities that have caps and buffers are different from the more conventional annuities in that the two make a product even more complex by varying market volatility exposure. FINRA wants to make sure that investors know what they are getting involved in when they purchase any kind of variable annuity.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to Financial Industry Regulatory Authority chief risk officer Carlo di Florio, variable annuities continue to among the products named the most in customer complaints. He spoke at the Insured Retirement Institute’s Government Legal & Regulatory conference in D.C. on Monday. Di Florio, who is also the head of strategy at the self-regulatory agency, said […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3884],"tags":[],"class_list":["post-1477","post","type-post","status-publish","format-standard","hentry","category-variable-annuities"],"yoast_head":"\nFINRA Official Says Variable Annuity Sales Top Investor Complaint List — Investor Lawyers Blog — July 3, 2014<\/title>\n<meta name=\"description\" content=\"According to Financial Industry Regulatory Authority chief risk officer Carlo di Florio, variable annuities continue to among the products named the most — July 3, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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