New York-Based Firm and Brokers Charged With Fraudulent Sales of Variable Annuities

{ Posted on Jun 30 2009 by SEC.gov Updates: Press Releases }
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The Securities and Exchange Commission today instituted an enforcement action against a Poughkeepsie, N.Y.-based firm and several representatives and supervisors for their alleged roles in fraudulent and unsuitable sales of variable annuities to senior citizens who were lured through free-lunch seminars at restaurants in south Florida.
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