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U.S. Securities and Exchange Commission issued Order Instituting Administrative and Cease-And-Desist Proceedings against RiverSource Distributors for variable annuity exchanges made with existing customers between January 2017 and May 2018.
After years of relative silence related to variable annuity exchanges on the regulatory front, the U.S. Securities and Exchange Commission announced last week settled charges against RiverSource Distributors, Inc.
After years of relative silence related to variable annuity exchanges on the regulatory front, the U.S. Securities and Exchange Commission announced last week settled charges against.
The regulator charged RiverSource with violating a provision of the Investment Company Act that’s never previously been part of an enforcement action.