Four Former Brokers from LPL Financial in Atlanta Were Charged with Variable Annuity Fraud by the SEC
The Securities and Exchange Commission has charged four former Atlanta, Georgia brokers with variable annuity fraud. Specifically, the Commission claims that they fraudulently persuaded federal employees to roll over holdings from their federal Thrift Savings Plan retirement accounts into variable annuities with more expensive fees. The alleged actions occurred roughly from March 2012 to November [...]