
Regulators Cracking Down on Sales Commissions That Push Risky Retirement Products
U.S. financial watchdog FINRA is tightening rules on variable annuities—complex retirement investment products. The problem: brokers earn 5–8% commissions upfront for selling them, which can tempt salespeople to push them to anyone, not just those who actually need them. Now brokers must document why each sale makes sense.
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