Description
FINRA announced that Transamerica Financial Advisors, Inc. Agreed to pay approximately $4.4 million in restitution to approximately 2,400 customers for failing to supervise its registered representatives' recommendations of three different products - variable annuities, mutual funds, and 529 plans. FINRA also fined TFA $4.4 million. For more info visit https://www.finra.org/media-center/newsreleases/2020/finra-sanctions-transamerica-financial-advisors-inc-88-million