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Investment and Securities Blog

Welcome to the Law Office of Scott Lane Blog. Here you will find information to help you to be a better-informed investor, including recent regulatory actions, information on specific investment products and general investment news. If you have questions or would like to suggest topics for future posts, please contact me.
FINRA Settlement with H. Beck, Inc. Highlights Variable Annuity Traps

FINRA Settlement with H. Beck, Inc. Highlights Variable Annuity Traps

On November 18, 2018, FINRA entered into a settlement with H. Beck, Inc., a brokerage firm headquartered in Rockville, MD, fining the firm $400,000 and requiring the review and revision of its policies and procedures relating to the sale of multi-share class variable annuities. The settlement highlights the complexity of variable annuities in general and the traps lying in wait for the unsuspecting investor.

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