Finra hits Transamerica with $8.8 million sanction
The settlement includes $4.4 million in restitutions to harmed customers over the sales of unsuitable VA, mutual fund and 529 products
December 21, 2020 2 MINS
Transamerica Financial Advisors agreed to pay $8.8 million in sanctions for unsuitable sales of variable annuities, mutual funds and 529 college savings, Finra announced Monday.
Transamerica’s settlement with the Financial Industry Regulatory Authority Inc. includes a $4.4 million fine and $4.4 million in restitution to approximately 2,400 customers. The broker-dealer self-regulator charged Transamerica with failing to adequately supervise its registered representatives in making recommendations involving the three products for various time periods from 2009 through 2016.
From May 2010 to May 2016, the firm sold approximately 51,000 variable annuity policies, generating $591 million in commissions or more than 40% of Transamerica’s revenue.
Nimble AMS Sees Rapid Growth in 2020 and Announces New Strategic Initiatives
Nimble AMS hires new executive leader, reaches new Salesforce partner status, and launches new virtual networking capabilities
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ST. PETERSBURG, Fla., Dec. 21, 2020 /PRNewswire/ Community Brands, the leading provider of business management, commerce, and payment solutions for member-based organizations, today announced new strategic initiatives to support and build upon the rapid growth of
Nimble AMS, its association management software (AMS) built on the Salesforce customer relationship management (CRM) platform.
Susan Connors joins as General Manager of Nimble AMS, charged with driving the organization to achieve its next level of success and growth. She is the first of several strategic hires being made to support the growing organization into 2021. Connors brings more than 25 years of leadership experience in CRM technology, customer s
Dover-area state Rep Andria Bennett arrested on misdeameanor assault charges wdel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wdel.com Daily Mail and Mail on Sunday newspapers.
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Nine-year-old Talen Ihab Msieh, of Bethlehem, lights the 2016 Peace Light in the Grotto of the Nativity.
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FAIRMONT â Adam Ranson has a flame that originated in Bethlehem that rests in his water heater pilot light.
The Cub Master of Cub Scout Pack 120, Ranson is also a keeper of the International Peace Light, which is a flame passed around the world through Scouts from a Nativity church in Bethlehem, and the only place he could keep it lit since last year was his pilot light.
âI brought it home and was thinking about it and said âThe only thing that would continually keep it would be my hot water tank,ââ Ranson said. âSo I lit my hot water pilot light with it, because I donât have the means to keep candles and I donât really want an open flame in the middle of my house.â
YM Careers Launches Career Planning Portal to Transform Association Job Boards into Unmatched Career Growth Destinations
Industry niche data and career planning tools come together to offer a place for members to research, plan and prepare for every career stage
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ST. PETERSBURG, Fla., Dec. 17, 2020 /PRNewswire/ Community Brands, the leading provider of business management, commerce, and payment solutions for member-based organizations, today announced the launch of Career Planning Portal, a new hub of member-focused career planning resources, within its YM Careers solution.
With the launch, associations will now be able to offer an unmatched set of industry-specific career resources to members through a branded online experience that is connected to their YM Careers job board. These new resources include career insights, career advice, and the ability for members to visualize career progression through a unique career