MetLife to Pay $25 Million FINRA Penalty over Variable Annuities

The courts agree:  Variable Annuities are to investors what Velveeta is to cheese.

MetLife Inc. agreed to pay $25 million for allegedly misleading customers about retirement-income products, the Financial Industry Regulatory Authority said. Tuesday

MetLife to Pay $25 Million Finra Penalty Over Variable Annuities

MetLife Inc., one of the best-known brands in life insurance, misled tens of thousands of customers about a product that retirees seek out for safety, according to regulators, who levied a near-record $25 million fine against the company…

WSJ.com

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