Washington (Dec. 5, 2002) -- The NASD has censured and fined American Express Financial Advisors Inc. $350,000 for shady sales of variable annuities and variable life insurance products.
The self-regulatory organization for the securities industry found that the firm failed to establish, maintain and enforce adequate supervisory policies and procedures governing the sale of variable annuities and variable life insurance products during a 30-month period ending in 2000. American Express neither admitted nor denied NASD's findings.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access