AIG Unit to Pay $40M Over 12b-1, Referral Fees Tied to Teacher Pensions
“Too often educators are targeted with misconduct related to their investments,” said SEC Chairman Jay Clayton.
Source: ThinkAdvisor.com | By Melanie Waddell | July 28, 2020, at 10:34 AM
The SEC levied two actions against VFA, based in Houston. In the first, the SEC found that VFA failed to disclose that its parent company paid a for-profit entity owned by Florida K-12 teachers’ unions to promote VFA and its parent company’s services to teachers.
CLICK HERE to read the full article.