MetLife to pay $25 million in second-largest FINRA fine ever
The company represented to customers that their existing variable annuity was more expensive than the recommended investment, when in fact the existing one was less expensive, the
It represents the second-largest
"Variable annuities are complex and expensive products that are routinely pitched to vulnerable investors as a key component of their retirement planning," said
The company neither admitted nor denied the charges, but consented to the entry of
A company spokesman said, "
The products generated at least
A
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