For Investors: Education Is Key to Protection

Highlights

Should You Exchange Your Variable Annuity? ©iStockphoto.com/PashaIgnatov

Should You Exchange Your Variable Annuity?

FINRA fined MetLife Securities, Inc. (MSI) $20 million and ordered it to pay $5 million to eligible customers for making negligent material misrepresentations and omissions on variable annuity (VA) replacement applications. FINRA’s enforcement action offers an opportunity to take a closer look at the VA exchange decision process.

Emotions Increase Susceptibility to Fraud in Older Adults ©iStockphoto.com/Ljupco

Emotions Increase Susceptibility to Fraud in Older Adults

New research suggests that seniors may be particularly vulnerable to the effects of heightened emotions on decision making. Researchers at the Stanford Center on Longevity, FINRA Foundation and AARP found that inducing emotions, such as excitement and anger, in older adults increased their intention to buy falsely advertised items.

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